The Democratic Alliance and the African National Congress met to discuss recent issues between the two parties and commit to ...

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after ...

South Africa’s Finance Minister Enoch Godongwana has reversed his contentious proposed 0.5% value-added tax (VAT) hike, but ...

The court order also suspended the VAT increase until Parliament adopts legislation declaring the withdrawal of the VAT hike ...

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in ...

The South African rand jumped on Tuesday as gold prices rose after U.S. President Donald Trump criticised Federal Reserve ...

The South African rand firmed early on Tuesday, ahead of the release of a key economic indicator by the country's central ...

South Africa will not raise its VAT as stated in the 2025 budget due to political opposition. The decision means an estimated ...

But the Democratic Alliance, the second-biggest party in the administration, remained opposed to the move and challenged it in court, sparking a fight with the larger African National Congress.

The proposed VAT increase is the latest contentious issue faced by the unity government that was formed after the African National Congress party lost its parliamentary majority for the first time ...