The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after a pushback from various political parties.
What to know if you’re going to Jaguars’ 2025 DUUUVAL Draft Party at Lemon Bar & Seahorse Oceanfront In Read full article: What to know if you’re going to Jaguars’ 2025 DUUUVAL Draft Party at Lemon Bar & Seahorse Oceanfront In4,000 pounds of meth seized in Atlanta, preventing potential to make it to NE Florida streetsSpring into savings for your home and lifestyle with these Insider DealsIn this photo provided by the South African Government Communications and Information Services , the Finance Minister Enoch Godongwana speaks before the vote for national budget for 2025 in the National Assembly, in Cape Town, South Africa, Wednesday, April 2, 2025.
Finance Minister Enoch Godongwana announced that the government would no longer implement a 0.5% increase on value-added tax , payable on goods and services including food and electricity, that would have increased it to 15.5%.“The decision to forgo the increase follows extensive consultations with political parties, and careful consideration of the recommendations of the parliamentary committees,” said Godongwana in a statement early Thursday. The government was looking to increase tax revenues through the VAT increase, and Godongwana said the estimated revenue would fall short by around $4 billion. The Democratic Alliance, the second-biggest political party in the country and the coalition government, opposed the VAT increase and voted against the annual budget which initially proposed it. The DA subsequently challenged the matter in court this week and claimed victory on Thursday, saying the cancellation of the tax increase was a win for all South Africans. “We will continue to fight for all South Africans, especially the poor and the marginalized, in seeking responsible public spending so that the government does not keep on raising taxes to fund unlawful expenditure, corruption and sheer waste,” said DA federal chairperson Helen Zille.More than 20 million people in South Africa rely on welfare grants, with the unemployment rate at over 32%, according to official statistics. The ANC and DA have ideological differences on issues including foreign policy, land reform, education and health sector reforms. Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Spring into savings for your home and lifestyle with these Insider Deals
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