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),
South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
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%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.
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 Budget Unraveled After a Key Detail Was Kept Secret
South African Finance Minister Enoch Godongwana presented highlights of his upcoming budget to colleagues two weeks ago, but skipped a crucial detail to stop it from leaking — triggering a major fallout in the nation’s coalition government.
South Africa: Coalition forces Finance Minister to postpone budget
Disagreement over a 2% VAT hike within the ruling coalition sees parliament postpone the National Budget Vote at the eleventh hour.
Predictions for South Africa's Budget Speech: Tough decisions ahead for the Finance Minister
As South Africa approaches the highly anticipated budget speech, economists, Dawie Roodt and Ulricht Joubert, have painted a bleak picture of the country’s economic future, warning that the Minister of Finance faces a difficult and challenging task ahead.
South Africa: All Eyes On the Budget - Godongwana to Chart SA's Financial Future
Finance Minister Enoch Godongwana takes center stage this afternoon as he delivers the much-anticipated 2025 Budget Speech in Parliament, Cape Town - a moment that will outline South Africa's economic trajectory for the year ahead.
South Africa’s DA Leader to Brief Media After Budget Speech
The leader of the Democratic Alliance, the second-largest party in South Africa’s coalition government, will brief the media about its stance on the budget process amid reports the Treasury is about to raise taxes.
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: Budget 2025 Postponed Over Govt of National Unity Disagreements
In an unprecedented move, the 2025 Budget Speech for South Africa was rescheduled for March 12, after initially being postponed due to disagreements within the Government of National Unity (GNU). Several parties within the GNU disagreed with the budget proposals.
Read Finance Minister Enoch Godongwana‘s full Budget Speech here. This is now under review.
Below is the full budget speech delivered by South Africa’s Minister of Finance, Enoch Godongwana. By Minister of Finance, Enoch Godongwana Honourable Speaker, Thoko Didiza Deputy Speaker, Annelie ...
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Enoch Godongwana caught on hot mic slamming SARS boss Edward Kieswetter – WATCH
Finance Minister Enoch Godongwana was caught on a live microphone venting his frustration at SARS commissioner Edward ...