With limited options available, the government has placed reliance on increased VAT to raise additional revenue.

On Wednesday (12 March), the National Treasury proposed hiking value-added tax by 1 percentage point by mid-2026, increasing ...

Finance Minister Enoch Godognwana on Friday defended the budget he tabled this week providing for a one percentage point VAT ...

The government of South Africa has increased the carbon offset allowance in its carbon tax, even as it extended the utilisation period for use of older projects until 2028, it announced in a revised ...

National Budget contains one of the single biggest fiscal investments in early childhood development in SA's history.

South Africa's rand gained on Friday due to record high gold prices that were driven by investors seeking safe haven assets ...

JOHANNESBURG (Reuters) - The South African Reserve Bank (SARB) will likely keep interest rates steady at its March 20 meeting ...

SARS commissioner Edward Kieswetter has accepted the revised revenue estimate presented by Finance Minister Enoch Godongwana.

But turning this crisis into an opportunity is possible. To mitigate the effects of the funding freeze, Bekker said swift ...

With VAT and electricity going up, South Africans will dig deep into their pockets to make end meets in the coming weeks and ...

JOHANNESBURG: Fitch ratings agency said on Friday that it thought South Africa’s government would struggle to stabilise debt as projected in this week’s revised budget.