WRAP | Finance Minister says DA has 'compromised Treasury' by calling the budget an 'ANC budget'

WRAP | Finance Minister says DA has 'compromised Treasury' by calling the budget an 'ANC budget'

A day after delivering the budget, Finance Minister Enoch Godongwana was joined by SARS head Edward Kieswetter to discuss what comes next amid tensions within the GNU over a proposed hike in value-added tax

South Africa: Government Proposes VAT Increase Over Two Years

[SAnews.gov.za] In light of new and persistent spending pressures in health, education, transport and security, government has decided to raise value-added tax (VAT) by 0.5 percentage points in each of the next two years, which will bring VAT to 16% in the 2026/27 financial year.

What happens next for a contested Budget?

Some political brinkmanship is probably about to be played out, despite all the seemingly high-minded objections to the VAT hike.

STATEMENT: AIDC CALLS FOR THE REJECTION OF THE 2025/26 BUDGET - AIDC | Alternative Information & Development Centre

The government is captured. The poor are left to fend for themselves in a dog-eat-dog world. Read more ›

Steenhuisen reiterates DA opposition to tax hikes – The Mail & Guardian

The Democratic Alliance (DA) will not support the revised 2025 budget with tax hikes Finance Minister Enoch Godongwana tabled on Wednesday but remains open to negotiations on reworking it, party leader John Steenhuisen said on Wednesday. He said the ball was in the ANC’s court if it wanted the support of its biggest coalition partner to see the budget through parliament. “We have made it very clear to the ANC in the GNU [government of national u…

S.Africa revised budget gets booed despite smaller tax hike

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.