South African Finance Minister Enoch Godongwana postponed the presentation of the country's 2025 budget after the center-right Democratic Alliance, or DA, opposed plans to increase the country's value-added tax, or VAT, rate from 15% to 17%, Bloomberg reported on Feb. 20.

South Africa: Government Postpones Budget Over Disagreement on VAT Hike

South Africa: Government Postpones Budget Over Disagreement on VAT Hike | RANE

South Africa

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Politics

South African Finance Minister Enoch Godongwana postponed the presentation of the country's 2025 budget after the center-right Democratic Alliance, or DA, opposed plans to increase the country's value-added tax, or VAT, rate from 15% to 17%, Bloomberg reported on Feb. 20. 

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South Africa: Government Postpones Budget Over Disagreement on VAT Hike

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