Hillbrow Johannesburg South Africa

News

South African rand strengthens

South African rand stable after VAT hike withdrawn, markets await budget clarity

The South African rand was stable on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to take effect next month and as investors awaited clarity on the budget plans.

The Financial Times · 2d

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

Cape Argus on MSN · 1d

South African rand strengthens after government abandons VAT increase

Following the announcement by Finance Minister Enoch Godongwana to abandon the proposed VAT increase, the South African rand has shown signs of recovery, gaining value against the US dollar. This decision comes amid significant opposition and legal challenges from various political factions.

Hosted on MSN1mon

HIV clinic for Johannesburg's gay community closes after aid freeze

A sign notifying the public of intention to pause services at the WITS Reproductive Health Institute (RHI) in Hillbrow, Johannesburg, South Africa, Thursday, Feb. 27, 2025 The 60 Best Action ...

Briefly on MSN16d

President Cyril Ramaphosa Says Joburg Is Safe at Night Thanks to JMPD, Mzansi Challenges His Claims

President Cyril Ramaphosa's claims that Johannesburg is safe at night have drawn skepticism from many who asked if the ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results

News

South African rand strengthens

Trending now