'Uncharted waters': ANC keeps VAT hike door open as Budget debate intensifies

One-year VAT-hike deal on the table in feverish budget talks

The ball is now in ANC's court after the DA submitted final tweaks in a potential budget deal.

Ramaphosa confident budget vote will pass as opposition parties reject VAT hike

'Uncharted waters': ANC keeps VAT hike door open as Budget debate intensifies

The ANC is not confining itself to a 0.5 percentage-point VAT increase, and the door to engagement on the matter remains wide open, says the party's secretary-general, Fikile Mbalula.

Bracing for impact: How the proposed VAT increase could affect insurance companies and policyholders - Securitas™ Financial Group

It’s safe to say that, in many ways, we are still recovering from the Covid-19 pandemic that threw the world into chaos in every possible way. Currently, South Africa is already in an economic heatwave, with uncertainty mirroring the turbulence brought by international affairs. To add fuel to the fire, we now face the possibility of another VAT increase – the same crossroads we encountered in 2018. The big question is: What will the broader econ…

Budget delay harmful to SA’s economy: Expert - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Senior Research Fellow at the Centre for African Diplomacy and Leadership at the University of Johannesburg, Dr Oscar van Heerden, says the budget cannot be delayed as its approval remains uncertain. The African National Congress-led government’s budget vote hangs in the balance after several political parties rejected the proposed budget, citing concerns over the VAT increase. Van Heerden warns that failure to pass the budget by Wednesday could…

Higher VAT, higher prices: What increase means for consumers

South Africans will soon pay more tax at the till. If the government passes the budget, VAT will rise to 15.5% on 1 May, and again to 16% in April 2026. While this will boost government revenue, it will also raise living costs. Higher VAT, higher prices: What increase means for consumers appeared first on Food For Mzansi