Withdrawing the VAT increase is good news for business, but … – Polity

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 This morning South African businesses and consumers woke up to the news that Finance Minister Enoch Godongwana has withdrawn the proposed increase of 0.5 percentage points.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…

https://www.polity.org.za/article/withdrawing-the-vat-increase-is-good-news-for-business-but–2025-04-24

The Dawn of a New Insolvency Era: Is 14 April 2025 a Defining Moment for South Africa’s Business Rescue Framework? – Polity

The Dawn of a New Insolvency Era: Is 14 April 2025 a Defining Moment for South Africa’s Business Rescue Framework?

On 14 April 2025, the Johannesburg Division of the High Court officially launched a pilot Dedicated Insolvency Court, marking what may be a pivotal development in the evolution of South Africa’s insolvency jurisprudence. The introduction of a specialised court to exclusively manage liquidation, sequ…

https://www.polity.org.za/article/the-dawn-of-a-new-insolvency-era-is-14-april-2025-a-defining-moment-for-south-africas-business-rescue-framework-2025-04-16