South Africa’s finance minister wanted to raise VAT

South Africa's finance minister fails to unveil budget after tax row
South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government. Coalition partners derailed his budget after opposing his plan to raise value-added-tax (VAT),
Bessent to Skip G20 Finance Ministers Meeting in South Africa
The Treasury secretary is the second top U.S. official not to attend the Group of 20 gatherings because of rising tension with South Africa over its land policies.
Ramaphosa defends Godongwana: 'No finance minister will just willy-nilly raise taxes'
President Ramaphosa said South Africans must become more economically conscious, aware and knowledgeable, adding that there are some trade-offs the country must embrace.
South Africa’s budget postponed for first time after cabinet rift
Officials say pro-business Democratic Alliance and senior figures in African National Congress objected to VAT rise
South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
South Africa’s finance minister, Enoch Godongwana, cancelled the unveiling of the country’s 2025 budget as it was due to be released. The move is unprecedented in the country’s history. The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%.
Hosted on MSN2h
Finance ministry rejects city proposal to tax income from bank savings interest
The Ministry of Finance has rejected a proposal to tax interest income from bank deposits.
China Market Update: Alibaba Goes Ballistic, Finance Minister Talks Consumption, Week In Review
Asian equities ended a positive week on a high note, led by Hong Kong and Mainland China-listed growth stocks following ...
Asian News International on MSN9h
Finance Minister Sitharaman dedicates BLW-made electric locomotive to nation
The Finance Minister dedicated the 375th locomotive manufactured in FY 2024-25 to the nation and personally inspected its technical features from the driver's cab.
Qatar Tribune on MSN2d
Ministry of Finance launches official website of Center for Fourth Industrial Revolution
The Ministry of Finance has announced the launch of the official website for the Center for Fourth Industrial Revolution, ...
Japan finance minister to skip G20 meeting as state budget talks continue
Japan Finance Minister Katsunobu Kato said on Friday that he would skip next week's meeting of finance leaders from the Group of 20 major economies in Cape Town, South Africa, to focus on ...
Emirates News Agency on MSN12d
Ministry of Finance participates in WGS 2025 with dynamic agenda
The Ministry of Finance is set to participate in the World Governments Summit (WGS) 2025, which will take place from 11th to ...
The Peninsula12d
Minister of Finance meets official from Republic of Korea
Minister of Finance, HE Ali bin Ahmed Al Kuwari met with the Special Presidential Envoy and Ambassador for Investment and ...
Zawya4d
Ministry of Finance launches IPSAS Certification to strengthen financial expertise in the Federal Government
Dubai: The Ministry of Finance has launched the International Public Sector Accounting Standards (IPSAS) certification in ...
Defence spending will remain top priority for Poland, says finance minister
Defence will remain a top budget priority for Poland, Finance Minister Andrzej Domanski said on Friday, urging European Union ...