Blog categorized as South Africa
In April 2025, the government reversed a planned VAT hike from 15% to 15.5% amid legal challenges over Money Bill procedures. The resulting ZAR 75 billion shortfall prompts spending cuts, underscoring the importance of strict constitutional compliance.
26.04.25 01:56 PM
BACKGROUND: FISCAL POLICY AND STRUCTURAL REFORMS IN TANDEM
South Africa’s 2025 fiscal budget focuses on two core priorities: strengthening public finances and stimulating economic growth. In its recent budget address, the South African government underscored a measured increase in taxes, a more strat...
13.04.25 09:43 PM