South Africa’s finance minister wanted to raise VAT

South Africa's finance minister fails to unveil budget after tax row
South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government. Coalition partners derailed his budget after opposing his plan to raise value-added-tax (VAT),
Bessent to Skip G20 Finance Ministers Meeting in South Africa
The Treasury secretary is the second top U.S. official not to attend the Group of 20 gatherings because of rising tension with South Africa over its land policies.
Ramaphosa defends Godongwana: 'No finance minister will just willy-nilly raise taxes'
President Ramaphosa said South Africans must become more economically conscious, aware and knowledgeable, adding that there are some trade-offs the country must embrace.
Indonesia budget efficiency cuts remain at $18.8 billion, finance ministry says
Indonesia's deputy finance minister on Tuesday said the total budget funding the government is freeing up through efficiency measures remained unchanged at 306 trillion rupiah ($18.8 billion), after the president gave a much higher figure.
Bessent to Skip G-20 Finance Chiefs Gathering in South Africa
US Treasury Secretary Scott Bessent won’t travel to the Group of 20 finance ministers meeting in South Africa next week as he focuses on the domestic agenda in his first weeks in office, a person familiar with the matter said.
South Africa’s budget postponed for first time after cabinet rift
Officials say pro-business Democratic Alliance and senior figures in African National Congress objected to VAT rise
South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
South Africa’s finance minister, Enoch Godongwana, cancelled the unveiling of the country’s 2025 budget as it was due to be released. The move is unprecedented in the country’s history. The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%.
China Market Update: Alibaba Goes Ballistic, Finance Minister Talks Consumption, Week In Review
Asian equities ended a positive week on a high note, led by Hong Kong and Mainland China-listed growth stocks following ...
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Ministry of Finance launches official website of Center for Fourth Industrial Revolution
The Ministry of Finance has announced the launch of the official website for the Center for Fourth Industrial Revolution, ...
Japan finance minister to skip G20 meeting as state budget talks continue
Japan Finance Minister Katsunobu Kato said on Friday that he would skip next week's meeting of finance leaders from the Group of 20 major economies in Cape Town, South Africa, to focus on ...
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Ministry of Finance participates in WGS 2025 with dynamic agenda
The Ministry of Finance is set to participate in the World Governments Summit (WGS) 2025, which will take place from 11th to ...
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Ministry of Finance launches IPSAS Certification to strengthen financial expertise in the Federal Government
Dubai: The Ministry of Finance has launched the International Public Sector Accounting Standards (IPSAS) certification in ...
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Finance Minister Sitharaman dedicates BLW-made electric locomotive to nation
Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman, on Friday flagged off and dedicated the BLW-manufactured WAP-7 electric locomotive to the nation at Banaras Locomotive Works (BLW).
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Nirmala Sitharaman, Giriraj Singh Among Ministers Expected At Maha Kumbh For Holy Dip Today
Several ministers including Union Finance Minister Nirmala Sitharaman, Union Textile Minister Giriraj Singh are expected to ...