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Posted: 2025-04-25 05:47:18 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-04-25 06:03:33 UTC
Verified By
Rollup News
Finance Minister Enoch Godongwana has reversed the decision to increase the Value Added Tax (VAT) rate by 0.5%, which was set to take effect on May 1, 2025. The VAT rate will remain at 15%.
VAT rate remains at 15%
Reversal due to public and political pressure
Significant public and political pressure
Legal challenges from the Democratic Alliance (DA) and Economic Freedom Fighters (EFF)