He said the increase in funding would go towards introducing a more tech-savvy approach like e-invoicing for VAT.

South African Finance Minister Enoch Godongwana sees no alternative to a tax increase at the heart of a budget impasse that is threatening to unravel the country’s governing coalition.. The ...

South Africa's economic growth has been sluggish since 2010, leaving its population significantly poorer than the global ...

Minister Godongwana emphasized that this financial package is designed not only to sustain the country’s fiscal framework but ...

The looming levy has cast a cloud over the sunny valleys of Citrusdal, a tiny, serene farming town nestled amid rolling green ...

The OECD suggests South Africa should consider increasing VAT as its rate remains below the organisation’s average and has the potential to broaden the country’s tax base.

For South African beverage company owner, Ndumiso Madlala, the impending value-added tax hike could spell trouble for his small-scale business that makes alcoholic ginger beer and non-alcoholic ...