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South Africa scraps VAT increase in dramatic U-turn

Reuters on MSN · 6h

South African rand stable after VAT hike withdrawn, markets await budget clarity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

Bloomberg · 1h

South Africa’s Godongwana Says He Won’t Resign Over VAT U-Turn

South African Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax increase that threatened to rupture the nation’s coalition government.

The Financial Times · 7h

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”,

South Africa, Trump and Ukraine

Reuters on MSN · 5h

South Africa says Ukraine peace talks should have no preconditions

South African President Cyril Ramaphosa said during a visit by Volodymyr Zelenskiy on Thursday that peace talks between Kyiv and Moscow should start without preconditions such as Ukraine ceding land to Russia.

Associated Press News on MSN · 10h

Zelenskyy says he’s cutting short a visit to South Africa after Russian attacks on Kyiv

PRETORIA, South Africa (AP) — Ukrainian President Volodymyr Zelenskyy arrived in South Africa for a state visit Thursday following U.S. President Donald Trump’s new accusations that he is prolonging the war against Russia by pushing back against any plan to give up Ukrainian territory in a peace deal.

U.S. News & World Report · 10h

South Africa's President Spoke to Trump on Ukraine, Bilateral Ties

JOHANNESBURG (Reuters) - South Africa's President Cyril Ramaphosa said in a post on social media platform X on Thursday that he had spoken to U.S. President Donald Trump on the peace process in Ukraine and the need to foster good bilateral relations.

50mon MSN

‘American Pie’ star Shannon Elizabeth met her ‘soul mate’ in South Africa

American Pie” star Shannon Elizabeth reveals she had to make some adjustments after moving to South Africa, where she met her ...

9hon MSN

South Africa scraps proposed tax increase after pushback from coalition partners and opposition

The South African government on Thursday canceled a proposed tax increase that had threatened to collapse the unity ...

13h

Ukraine's Zelenskyy arrives in South Africa for state visit following Trump's renewed criticism

Ukrainian President Volodymyr Zelenskyy has arrived in South Africa for a state visit following U.S. President Donald Trump’s ...

11hon MSN

Zelensky cuts short South Africa visit after Russian attack on Kyiv

At least nine people were killed and dozens injured, including children, in the attack in Ukraine, officials say.

4hon MSN

Emerging economies face longer period of tighter financing, South African central banker says

Emerging economies will have to grapple with tighter global financing conditions for longer while the future of risk-free ...

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