- Ramaphosa supports Finance Minister Gondogwana’s proposed VAT hike.
- Gondogwana faces criticism from the ANC and coalition partners.
- Ramaphosa argues that tax increases are necessary due to budget constraints.
- He emphasizes the need for South Africans to understand the country’s economic challenges.
- Ramaphosa calls for exploring sustainable ways to finance essential services.
Source: iafrica.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "South Africa"
- VAT Treatment of Municipal Supplies to National or Provincial Government in South Africa
- South Africa Proposes VAT Law Amendments to Implement E-Invoicing and Digital Reporting Framework
- Umkhonto Wesizwe Party Protests VAT Increase Ahead of Finance Minister’s Budget Speech in Pretoria
- South Africa’s Move to Mandatory E-Invoicing: Draft Law, Public Consultation, and Future Plans
- Briefing document & Podcast: South Africa’s E-Invoicing and Real-Time Reporting Overhaul