Godongwana welcomes court order suspending VAT increase
Zuko Komisa Finance Minister Enoch Godongwana's proposed 0.5% VAT increase has been officially suspended following a court order, ratified by the Western Cape High Court on April 27th. This decision formalises the Minister's prior announcement to withdraw the controversial measure. The agreement, reached between Godongwana, the Democratic Alliance (DA), and the Economic Freedom Fighters (EFF), led to the out-of-court settlement. National Treasury stated that the Minister welcomed the court order, […]