South Africa’s finance minister, Enoch Godongwana, has announced a phased VAT increase from 15% to 16% by 2026 to address fiscal deficits. The move aims to generate R13.5 billion in 2025/26, with measures to ease the burden on low-income households.
Headlines Newsletter
Subscribe now for weekly top news headlines roundup, delivered directly to your inbox.
THANK YOU FOR SUBSCRIBING!
Something went wrong.