National Treasury South Africa - Search News

Treasury proposes smaller VAT hike

Reuters on MSN · 1d

South Africa proposes smaller VAT hike in revised budget, disagreements remain

South Africa's National Treasury on Wednesday proposed a smaller hike in value-added tax in a revised budget aimed at smoothing divisions in the ruling coalition, but uncertainty remained over whether it would get the support in parliament to pass.

South Africa’s budget deadlock: Treasury proposes smaller VAT hike

South Africa’s National Treasury has presented a revised budget that includes a smaller increase in value-added tax. The move is aimed at breaking the deadlock within the coalition government after disagreements led to the postponement of last month’s budget—the first delay of its kind in 30 years.

Moneyweb · 17h

SA weighs budget changes as parties reject tax hikes

Godongwana has indicated he’s prepared to make concessions, but he said differences over the budget need to be resolved at a political level as those discussions fall outside the Treasury’s purview.

1don MSN

South Africa's budget remains stuck as parties reject reduced VAT hike

A revised budget presented on Wednesday by South Africa's finance minister was immediately rejected by major political ...

1don MSN

Budget 2025: National Treasury’s initiative to tackle ghost workers and improve budget allocation

Finance Minister Enoch Godongwana on Wednesday outlined plans to improve government spending efficiency through initiatives ...

Budget 2025: More legislation ahead to help SA exit grey list

Treasury is confident that complying with 37 of 39 applicable recommendations positions SA well for the assessment in October ...

1don MSN

South Africa to remove luxury duty on lower value smartphones

South Africa's government has proposed to remove the luxury excise duty on smartphones worth below 2,500 rand ($136.37) from ...

AllAfrica on MSN22h

South Africa: Sin Taxes Adjusted Above the Expected Inflation Rate

Government will adjust the excise duties on alcohol and tobacco products at above the expected inflation rate in the 2025/26 ...

South African wealth taxes already here

While think tanks and unions call for a wealth tax to plug the gaps in South Africa’s budget, experts point out that the ...

22hon MSN

Eskom's financial recovery: Treasury adjusts R70bn debt relief package

South Africa's state power utility Eskom is set to receive modified debt relief support, with Treasury announcing a ...

1d

South Africa Forms G-20 Panel to Address Ballooning African Debt

South Africa established an expert panel to address issues in Africa during the country’s chairmanship of the Group of 20 ...

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