This article is more than a year old
CATCH UP
VAT to be hiked by one percentage point over two years
Minister of Finance, Enoch Godongwana, delivered the Budget Speech announcing a contentious VAT increase of 1 percentage point over two years. Several GNU partners have rejected the Budget, signalling stormy waters ahead as the matter now goes to Parliament, where it will be debated in the committees, and finally, the National Assembly.
Minister of Finance Enoch Godongwana briefs the media before his Budget speech to members of the National Assembly on 12 March 2025. (Photo: Jairus Mmutle / GCIS)