- Political deadlock over VAT hike threatens Government of National Unity
- Investors await clarity as economic uncertainty fuels market volatility
Johannesburg, South Africa – South Africa’s Finance Minister Enoch Godongwana’s national budget has exposed deep divisions within the Government of National Unity (GNU), with coalition partners, opposition parties, and civil society rejecting proposed tax hikes. The most contentious measure is a planned 0.5 percentage point increase in value-added tax (VAT) in 2025/26, followed by a similar rise in 2026/27—though the second hike may be reconsidered if alternative revenue-raising measures prove effective.
This article is free to read.
Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.
Create your free account or sign in
