Withdrawing the VAT increase is good news for business, but …
Last week it was still all systems go for the VAT rate to increase to 15.5% on 1 May 2025. This morning South African businesses and consumers woke up to the news that Finance Minister Enoch Godongwana has withdrawn the proposed increase of 0.5 percentage points. This followed after another day in t…
South African Commercial Law Blog 