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South Africa scraps VAT increase in dramatic U-turn

South African rand stable after VAT hike withdrawn, markets await budget clarity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

The Financial Times · 6h

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”,

Independent Online (IOL) on MSN · 6h

VAT increase reversal seen as a step towards economic stability in South Africa

South Africa's Treasury has reversed its decision to increase Value Added Tax, a move welcomed by opposition parties and analysts as a step towards sustainable fiscal policies amidst economic challenges.

South Africa and Ukraine woo each other

Reuters on MSN · 4h

South Africa says Ukraine peace talks should have no preconditions

South African President Cyril Ramaphosa said during a visit by Volodymyr Zelenskiy on Thursday that peace talks between Kyiv and Moscow should start without preconditions such as Ukraine ceding land to Russia.

BBC on MSN · 5h

South Africa and Ukraine woo each other - as relationships with Trump turn sour

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.

Bloomberg on MSN · 8h

Ramaphosa, Trump Agree to Meet to Discuss South Africa-US Ties

South African President Cyril Ramaphosa spoke with Donald Trump about relations between the two countries, which have deteriorated since the US president returned to office in January.

Zelensky cuts short South Africa visit

CNBC Africa · 1h

South African power utility to implement ‘Stage 2’ power cuts

South African state power utility Eskom said on Thursday that it would implement “Stage 2” scheduled power cuts from 1600 local time (1400 GMT) until Friday morning. “Higher-than-expected electricity demand,

BBC on MSN · 9h

Zelensky cuts short South Africa visit after Russian attack on Kyiv

At least nine people were killed and dozens injured, including children, in the attack in Ukraine, officials say.

HuffPost · 9h

Zelenskyy Cuts Short South African Trip After Massive Russian Strike On Kyiv Kills 9

The Russian attack on Ukraine's capital came hours after weeks of peace negotiations appeared to be coming to a head without an agreement in sight.

7hon MSN

ANC U-turn over tax that threatened South Africa's government

The finance minister has warned that spending cuts or a rise in other taxes could follow.

8hon MSN

South Africa scraps proposed tax increase after pushback from coalition partners and opposition

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

25mon 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 husband.

5hon 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.

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 ...

3hon 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 ...

9hon 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 ...

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South Africa scraps VAT increase in dramatic U-turn

South Africa and Ukraine woo each other

Zelensky cuts short South Africa visit

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