Hlabisa calls for stability as VAT fallout threatens to capsize GNU – The Mail & Guardian

Hlabisa calls for stability as VAT fallout threatens to capsize GNU – The Mail & Guardian

The Inkatha Freedom Party (IFP) has urged for stability within the government of national unity (GNU) amid tensions over a 0.5 percentage point increase in VAT next month, saying the fallout should not be allowed to fracture the coalition. Parliament narrowly voted last week for a fiscal framework that allows Finance Minister Enoch Godongwana to use the next 30 days to find an alternative to the VAT. The measure passed despite opposition from th…

IFP Backs Controversial VAT Hike Amid Fiscal Debate, Draws Mixed Reactions

The Inkatha Freedom Party (IFP) has endorsed a contentious proposal to raise South Africa’s Value Added Tax (VAT) from 15% to 15.5%, a move met with both cautious approval and sharp criticism. The party framed the 0.5% increase as a necessary step to address the country’s growing budget deficit, despite concerns it could deepen financial strain on low-income households. In defending its position, the IFP argued that the modest hike—projected to …

IFP defends move to support divisive 0.5% increase in VAT

The IFP has once again defended its decision to vote in support of the budget last week, despite the fact that it included a 0.5% increase