IOL Logo
Wednesday, May 14, 2025

Latest News & Developments

cost of living

Soaring food costs squeeze South Africans

This spike in food costs continues to negatively affect the poor, who are already bearing the brunt of the sluggish economy and instability.

Daily News
LUNGANI ZUNGU|Published

Mbalula rules out VAT hike in new budget, advocates pro-poor economic approach

The ANC backs Finance Minister Godongwana as political tensions rise, calling for a revised fiscal framework that prioritises the needs of the vulnerable.

News Politics
Kamogelo Moichela|Published

Godongwana to table budget 3. 0 on May 21 following VAT hike reversal

Amid political pressure and a fractured Government of National Unity, Finance Minister Enoch Godongwana vows to deliver a turbulent National Budget on May 21, calling the process "messy" but constitutionally unstoppable.

News Politics
Kamogelo Moichela|Published

Mashatile urges unity for Africa's future at T20 gathering

Mashatile highlights the need for a fair global order to ensure Africa's stability, warning against the dangers of undermining multilateralism during his address at the T20 Africa High-Level Dialogue.

News Politics
Kamogelo Moichela|Published

DA to Malema - 'You can’t pin VAT issue on us'

The DA has rubbished the EFF's accusation that it was to blame for the chaos around the Ntional Budget which was halted by the Western Cape High Court.

News Politics
Kamogelo Moichela|Published

ANC needs EFF to survive - Malema

EFF leader Julius Malema said the ANC will run to his party for support when a motion of no confidence is tabled against President Cyril Ramaphosa.

News Politics
Kamogelo Moichela|Published

'South Africans matter’: ANC's response to DA during budget discussions

Amid escalating tensions, the ANC and DA convene in Johannesburg to address critical budget issues and the future of the Government of National Unity.

News Politics
Kamogelo Moichela|Published

Zille claims secret VAT deal with Godongwana - but offers zero proof: ‘Wait and see if I’m lying’

DA federal council chairperson, Helen Zille, called on the finance minister’s legal team to publicly state that they have approached them for out-of-court settlement on VAT.

News Politics
Kamogelo Moichela|Published

Just In: Finance Minister Enoch Godongwana scraps VAT hike

Finance Minister Enoch Godogwana is expected to introduce a revised version of the budget without VAT within the next few weeks.

News Politics
Kamogelo Moichela|Published

ANC's Fikile Mbalula hints imminent announcement regarding VAT budget decision

Anticipation builds as ANC prepares to unveil a significant decision on the contentious VAT increase, amidst ongoing political negotiations and legal challenges to the 2025 Budget.

News Politics
Kamogelo Moichela|Published

EFF’s Omphile Maotwe advocates for 'apartheid tax' to safeguard vulnerable families from VAT hike

Amid rising tensions over fiscal policy, EFF Treasurer-General Omphile Maotwe calls for an 'Apartheid tax' on inherited wealth, arguing it is a fairer solution than the proposed VAT hike that disproportionately affects the poor.

News Politics
Kamogelo Moichela|Updated

Government continues to pay millions in COVID-19 relief funds to taxi industry

As the South African government allocates millions in COVID-19 relief funds to the taxi industry, BOSA raises concerns about transparency and accountability in the funding process.

News Politics
Kamogelo Moichela|Published

ActionSA, ANC to meet this week but budget talks ‘so far so good’ - Beaumont

ActionSA and ANC's agreement to scrap the VAT hike within 30 days highlights a significant step towards alleviating South Africa's budget crisis.

News Politics
Kamogelo Moichela|Published

DA leadership to join supporters at VAT hike court hearing on Tuesday

The Democratic Alliance (DA) had previously written a letter to President Cyril Ramaphosa, accepting the VAT increase but only if the ANC scrapped the Expropriation Act.

News Politics
Kamogelo Moichela|Published

Watch VideoVAT Crisis| Inflation in South Africa: How households are making ends meet

Discover the inspiring stories of resilience and resourcefulness in the face of economic challenges.

News South Africa
Gerry Cupido|Published

Taxed Twice: Taxpayers bear the brunt as public services falter in South Africa

Citizens are losing trust in the government system because of its inability to deliver for them, leading them to invest more in private services.

News South Africa
Kamogelo Moichela|Published

DA KZN worried about provincial government being a casualty of GNU's possible demise

Deputy President Paul Mashatile announced the ANC's plan to reconfigure the alliance, aiming to strengthen the GNU.

News Politics
Kamogelo Moichela|Published

IFP affirms support for national budget, plans to meet DA for cooperation in GNU

The DA and EFF have approached the court to legally challenge the passing of the 2025 Budget that included a 0. 5% Value-Added-Tax (VAT).

News Politics
Kamogelo Moichela|Published

ActionSA to ANC: Scrap VAT hike before any GNU discussions

ActionSA and ANC conclude 'productive' budget meeting, focusing exclusively on scrapping the 0. 5% VAT increase before May 1, with both parties confirming no discussions about reconstituting the Government of National Unity.

News Politics
Kamogelo Moichela|Published

'Business is being erratic' | Mbalula slams corporate interference in ANC-DA dispute

Business leaders' attempt to mediate between the ANC and DA backfires as Mbalula criticises corporate interference in government affairs, calling their preference for the DA 'erratic'.

News Politics
Kamogelo Moichela|Published

Budget 2025 | FF+ slams ANC for working with other parties to pass budget but insists it won't quit the GNU

Freedom Front Plus (FF+) leader Corné Mulder stated that his party’s participation in the Government of National (GNU) was based on the question of whether it benefits Afrikaners and other minorities in South Africa.

News Politics
Kamogelo Moichela|Published

ANC to reveal DA's future in the Government of National Unity, according to Mashatile

Deputy President Paul Mashatile responds to the DA's budget rejection, questioning their commitment to the Government of National Unity and hinting at potential consequences for the party's future.

Cape Argus News
Kamogelo Moichela|Published

ANC struggles to find alternatives to VAT hike after ActionSA budget deal

Cyril Ramaphosa faces challenges in reversing the VAT hike following an agreement with ActionSA to support the 2025 Budget during his visit to Chiawelo, Soweto.

News Politics
Kamogelo Moichela|Published

ANC to announce DA’s future in GNU on Monday says Mashatile

In a leaked audio clip, President Cyril Ramaphosa and his deputy President Paul Mashatile expressed that the DA's actions have effectively positioned the party outside the framework of the GNU.

News Politics
Kamogelo Moichela|Published

MK Party criticises Trump's tariffs, warns tariffs would harm white SA farmers the most

US President Donald Trump announced on Wednesday that all US imports will be subject to a base duty of 10%, with higher rates applied to 60 nations, including South Africa.

News Politics
Kamogelo Moichela|Published