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South Africa: DA Defeats 2% VAT Increase As Budget Is Postponed

Summary by allAfrica

Press Release - The postponement of the Minister of Finance's 2025/26 National Budget Speech today is a victory for the people of South Africa, as it prevents the implementation of a 2% VAT increase that would have broken the back of our economy.

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GZERO Media

Coalition bust-up over VAT in South Africa?

South Africa’s ruling coalition, made up primarily of the African National Congress and the Democratic Alliance, is showing signs of a possible crack in its government of national unity. The two parties have been rivals in the past but agreed to work together following elections last May. They have exceeded expectations for how long the coalition could last, but challenges remain, and the DA has proven the weaker partner, with its policy proposa…

2 days ago

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allAfrica

South Africa: DA Defeats 2% VAT Increase As Budget Is Postponed

2 days ago·South Africa

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TreasuryONE Unlocking Value

A postponed budget is better than a bad budget

Navigate financial success with our expert solutions in market risk, liquidity management, and technology. Our Track Record: 25 years in business, 70+ employees, R350+ billion FX traded, 80+ local & international TMS implementations, R35+ billion in funds invested.

2 days ago

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Cape Business News

VAT increase would do far more harm than good – Chamber welcomes Governments last-minute decision to reconsider its budget priorities

Mr Jacques Moolman, President of the Cape Chamber of Commerce and Industry The Cape Chamber welcomes Government’s last-minute decision to reconsider its budget priorities following contestation over a proposed 2% […] The post VAT increase would do far more harm than good – Chamber welcomes Governments last-minute decision to reconsider its budget priorities appeared first on Cape Business News.

3 days ago

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smilefm.co.za

Budget 2025 postponed as DA fights 2% VAT increase

For the first time in 30 years of democracy, the budget speech has been postponed. Finance Minister Enoch Godongwana was due to deliver the 2025 budget speech in Parliament at 2 pm on Wednesday, but shortly after proceedings started, Speaker Thoko Didiza announced that she had been informed by the leader of government business – Deputy President Paul Mashatile – that parties in the Government of National Unity have not been able to […]

3 days ago

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