South African Finance Minister Reassures Nation: No Rogue VAT Hike Policy

In a recent development that has stirred discussions in South Africa, Finance Minister Enoch Godongwana has publicly denied allegations surrounding a purported unilateral decision to increase the Value-Added Tax (VAT). The minister addressed these claims during a press briefing, clarifying the government's stance on taxation and budgetary policies.

Continue reading

South African Finance Minister Presents Comprehensive Budget Update

In a significant development for the South African economy, Finance Minister Enoch Godongwana delivered a crucial budget update that outlines critical fiscal measures aimed at stabilizing the country’s financial landscape. This anticipated speech, held on October 30, 2024, comes at a pivotal moment as South Africa grapples with economic challenges, including persistent inflation and rising unemployment rates.

Continue reading