South Africa's Budget Set for Further Revisions Amid VAT Hike Debate
2025-03-13
Reuters
South Africa's finance minister has hinted at potential further adjustments to the country's budget, as ongoing discussions between political parties aim to resolve disagreements over a proposed value-added tax increase. The contentious plan has sparked debate, with parties seeking a compromise. As the country navigates its economic challenges, the finance minister's statement suggests a willingness to revisit the budget and find a solution that works for all. With the VAT hike being a key point of contention, the talks are expected to be crucial in shaping the country's economic future, including its tax policy and economic growth strategies.
