Economy

SA Finance Minister to provide update on proposed VAT hike

Date: Apr 30, 2025

South Africa’s (SA)  Finance Minister, Enoch Godongwana is expected to brief members of the media on the technical process to be undertaken regarding the 2025 budget

His Deputy Ministers, David Masondo and Ashor Sarupen, as well as Director-General, Doctor Duncan Pieterse are also expected to attend the briefing.

This follows a court challenge that the Democratic Alliance and Economic Freed Fighters had brought in the country’s High Court in the Western Cape Province, in opposition of his proposed hike in the country’s Value Added Tax. The court ratified an agreement reached on a few days ago, allowing Godongwana to rescind the increase, which was initially set to take effect on 1 May 2025.

---SABC---

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