South African budget delay over VAT hike shows cracks in coalition
Mtambo CAPE TOWN (Reuters) - South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition disagreed over raising value-added tax, an unprecedented delay that caused the rand and government bonds to fall.
South Africa: Budget bust gives governing coalition a second chance
The postponement of South Africa’s national budget vote was as much about keeping the national coalition together as it was about the unity of the African National Congress, with the finance minister now going back to the drawing board.
South Africa's finance minister fails to unveil budget after tax row
South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government. Coalition partners derailed his budget after opposing his plan to raise value-added-tax (VAT),
South African rand slides after national budget postponed
South Africa's rand weakened on Wednesday, after the national budget was postponed until further notice due to disagreements within the coalition government. At 1402 GMT, the rand traded at 18.57 against the dollar,
South Africa’s budget postponed for first time after cabinet rift
Officials say pro-business Democratic Alliance and senior figures in African National Congress objected to VAT rise
South Africa abruptly cancels budget speech as governing parties dispute the details
South Africa’s budget announcement by the finance minister has been abruptly canceled and rescheduled for next month over a ...
South African rand slides after eleventh-hour national budget delay
South Africa's rand weakened on Wednesday after the national budget was postponed due to disagreements within the coalition ...
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Big change at a prominent South African municipality on the cards
The African National Congress (ANC) in the North West are mulling merging the troubled Ditsobotla Local Municipality (DLM) ...
South African president signs controversial land seizure bill, eroding private property rights
Opponents of a controversial South African land expropriation bill are calling the legislation a threat to private ownership after it was endorsed by the country's president.
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National Assembly speaker Thoko Didiza announces budget speech postponement
JOHANNESBURG - In an unprecedented move - National Assembly speaker Thoko Didiza announced that the budget speech will not be ...
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Trump vows to cut off aid to South Africa
ensuring that the land and resources of South Africa are used to benefit the majority of its people,” the ruling African National Congress said after it was enacted. Critics have branded the law ...
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Budget postponement demonstrates shared commitment - ANC
The ANC remains resolute in its commitment to ensuring that fiscal policy supports economic transformation and protects the poor, while fostering inclusive growth that benefits all South Africans. As ...
Budget Delay | ANC, DA try score points on who rejected the VAT increase first
National Budget Speech was postponed to March 12 after Finance Minister Enoch Godongwana could not deliver it on Wednesday ...