2025 Budget

JOHANNESBURG- South Africa’s Finance Minister, Enoch Godongwana, has sparked widespread opposition with his announcement that the Value-Added Tax (VAT) will rise to 16% by the 2026/27 financial year. The hike, which will occur in two stages—an increase of 0.5 percentage points in 2025 and another in 2026—has drawn sharp criticism from opposition parties and some […]