South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a ...

Following the finance minister's announcement, all companies must reverse the increased VAT on invoices by May 1.

South Africa’s finance minister has scrapped a ... of smaller parties after the DA rejected the move. It insisted the U-turn was unrelated to the DA’s lawsuit. President Cyril Ramaphosa ...

Key topicsGodongwana withdraws planned 0.5 % VAT hike after legal pressureTreasury to revise budget bills, seek R13.5 bn via spending cuts & SARSDebate shif ...

The party of South Africa's President Cyril Ramaphosa has reversed a controversial proposed value-added-tax (VAT) rise that had threatened the country's coalition government. The hike was proposed ...

South Africa's finance minister has dropped plans to increase value-added tax (VAT), in a major climbdown to prevent the collapse of the coalition government. Enoch Godongwana's decision came ...

South Africa’s Finance Minister Enoch Godongwana ... said on Thursday he will not resign after the government’s U-turn on a planned value-added tax hike, despite opposition calls for ...

South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a planned ... met resistance as Africa's most industrialised economy grapples ...