vatlatest news & developments
Pty(Ltd) sign. Rawpixel/Currency collage

Why companies are the real winners in this year’s budget

National Treasury has put forward the most company-focused set of tax proposals in at least a decade, which is crucial for faster growth

Budget calculator. Rawpixel/Currency collage

Budget by the numbers: tax relief and a break for diamond miners

From getting tough on municipalities to diamond export levies, here are the key numbers and policy changes from South Africa’s 2026 national budget

Debt. South Africa

Debt crisis: South Africa’s not there yet, but …

Scrapping the VAT hike isn’t going to push South Africa into a debt crisis. But without real growth and spending cuts, we’re drifting closer to the edge

Hellen Zille. Picture: Gallo Images/Brenton Geach

Can the GNU survive Enoch’s U-turn?

The much-loathed VAT hike may be gone, but tensions in the government of national unity may yet torpedo the coalition

VAT hike deflated balloon

The anatomy of a retreat: why the ANC blinked on the VAT increase

What precipitated the party’s climbdown on the VAT issue?

Enoch Godongwana. Picture: Picture: Gallo Images/Brenton Geach

Vat so 2.0 (or 0.5, twice) – but DA still holds out

Budget 2.0 was finally tabled, with VAT still going up, but by only 0.5 percentage points a year over two years. The DA, however, won’t support this

budget. need to know.

Budget 2.0: 10 things you need to know

The time-strapped person’s guide to the budget

Enoch Godongwana. Picture: Gallo Images/Brenton Geach

Budget interruptus: mayhem as GNU rejects VAT hike

It was mayhem in parliament on Wednesday as the National Treasury’s budget was pulled – hours after being released to journalists and economists

VAT. Image by Currency News

VAT so!

Non-consensual tax is a no-no, finance minister Enoch Godongwana has learnt the hard way.