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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 8h

South African rand stable after VAT hike withdrawn, markets await budget clarity

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans.

Bloomberg · 3h

South Africa’s Godongwana Says He Won’t Resign Over VAT U-Turn

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax increase that threatened to rupture the nation’s coalition government.

The Financial Times · 9h

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

South Africa, Ukraine and Donald Trump

Associated Press News · 8h

Ramaphosa to meet Trump ‘soon’ to discuss strained South Africa-US relations

South African President Cyril Ramaphosa said he will ‘’soon'' meet U.S. President Donald Trump to discuss relations between the two countries.

BBC on MSN · 22h

Why South Africa and Ukraine are wooing each other - and what will Trump think?

Ukraine's President Volodymyr Zelensky is on a historic visit to South Africa, signalling a dramatic improvement in the once-strained relations between the two nations. The visit marks a diplomatic breakthrough for the Ukrainian leader in his efforts to counter Russia's strong - and growing - influence in Africa.

Al Jazeera on MSN · 5h

Can South Africa help Russia and Ukraine reach a peace deal?

As Ukraine’s Zelenskyy meets South Africa’s Ramaphosa in Pretoria, Moscow-allied politicians protest the state visit.

2hon MSN

‘American Pie’ star Shannon Elizabeth met her ‘soul mate’ in South Africa

American Pie” star Shannon Elizabeth reveals she had to make some adjustments after moving to South Africa, where she met her ...

6hon MSN

Emerging economies face longer period of tighter financing, South African central banker says

Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free ...

15h

Ukraine's Zelenskyy arrives in South Africa for state visit following Trump's renewed criticism

Ukrainian President Volodymyr Zelenskyy has arrived in South Africa for a state visit following U.S. President Donald Trump’s ...

13hon MSN

Tanzania bans South Africa and Malawi imports as trade row escalates

Tanzania has banned all agricultural imports from South Africa and Malawi in the latest episode of a growing trade row. "We ...

13h

South Africa producer inflation down to 0.5% y/y in March

South Africa's producer inflation slowed to 0.5% year on year in March from 1.0% in February, statistics agency data showed ...

BusinessTech12h

Dark clouds gather over one of South Africa’s biggest employers

A major sector that employs almost 500,000 South Africans is in trouble, and there’s a reason taxpayers should care.

9hon MSN

Durham sign South African bowler Yusuf for six games

Durham have signed South African bowler Codi Yusuf for their next six Championship games and the T20 Blast group stages.

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