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Tag: South Africa

South Africa Keeps VAT at 15% in Revised 2025 Budget, Pins Hope on Infrastructure Spending
VAT rate Enoch Godongwana National Treasury South Africa fiscal policy

South Africa Keeps VAT at 15% in Revised 2025 Budget, Pins Hope on Infrastructure Spending

South Africa's Finance Minister Enoch Godongwana reversed a planned VAT hike, keeping it at 15% in the revised 2025 budget, while pouring R1 trillion into infrastructure to boost growth and stabilize debt at 76.2% of GDP.

November 26 2025