• About
  • RSS News Feeds
Monday, August 11, 2025
  • Home
  • Latest News
  • Politics
  • ENTERTAINMENT
  • Lifestyle
  • Crime
  • SPORTS
  • IREPORT TV
  • RSS News Feeds
No Result
View All Result
  • Home
  • Latest News
  • Politics
  • ENTERTAINMENT
  • Lifestyle
  • Crime
  • SPORTS
  • IREPORT TV
  • RSS News Feeds
No Result
View All Result
No Result
View All Result
Home Latest News

VAT Hike to 17% Sparks Controversy, Forces Postponement of Budget Speech

February 19, 2025
0
VAT Hike to 17% Sparks Controversy, Forces Postponement of Budget Speech
0
SHARES
Share on FacebookShare on Twitter

The 2025 Budget Speech has been postponed and rescheduled for next month following a contentious proposal by the ANC to increase Value-Added Tax (VAT) from 15% to 17%. The proposed hike, aimed at addressing revenue shortfalls, was met with fierce opposition from the Democratic Alliance (DA) and other political parties, leading to a deadlock in parliamentary discussions.

Watch Video Below:

The ANC’s proposal to raise VAT to 17% has sparked widespread criticism, with opponents arguing that it would place an additional burden on already struggling households and businesses. The DA, in particular, has condemned the move, stating that it would disproportionately affect low-income earners and exacerbate economic inequality.

The disagreement over the VAT increase created a stalemate in Parliament, forcing the postponement of the budget speech. The rescheduling has raised concerns about the government’s ability to address pressing economic challenges, including rising inflation, unemployment, and sluggish growth.

Critics of the VAT hike have called for alternative measures to boost revenue, such as curbing government expenditure and tackling corruption. Meanwhile, the ANC has defended its proposal, arguing that the increase is necessary to fund critical public services and infrastructure projects.

As the debate continues, all eyes will be on the rescheduled budget speech next month, where the government is expected to present a revised plan to address the country’s fiscal challenges. The outcome of these discussions will have significant implications for South Africa’s economic recovery and the livelihoods of its citizens.

Previous Post

Tragedy Strikes as Fire at Prince Mshiyeni Hospital Claims One Life, Leaves Others Injured

Next Post

Oops! Finance Minister Enoch Godongwana Caught on Hot Mic Criticizing SARS Commissioner

iReport SA News

iReport South Africa News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of iReport South Africa News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by iReport South Africa News. iReport South Africa News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. iReport South Africa News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address reports@ireportsouthafrica.co.za and/or report the article using the available reporting functionality built into our Platform.

Related Posts

MKP Poised to Shake Up South Africa’s Political Landscape Amid Rising Tensions

January 18, 2025

N3 Freeway Shut Down Near Warden as Truck Drivers Protest Over Foreign Employment

June 2, 2025

Judiciary Demands Proof as Top Cop’s Explosive Claims Spark National Crisis

July 11, 2025

NPA Urges Court to End Zuma’s Legal Maneuvers in Corruption Trial

November 29, 2024

SABC Faces Backlash Over Appointment of Zimbabwean CFO Amid High Unemployment

November 16, 2024

Julius Malema Vows Mass Protests Over Phala Phala Scandal, Accuses State of Shielding Ramaphosa

November 25, 2024
Next Post

Oops! Finance Minister Enoch Godongwana Caught on Hot Mic Criticizing SARS Commissioner

  • Trending
  • Comments
  • Latest

Bad News for everyone living in South Africa this morning As Nigerian Threaten To Take Over SA

September 11, 2024

Look what Dr Nandipha’s mother spotted doing in court yesterday

September 10, 2024

South Africa is finished|| Look over 100 illegal foreigner were caught bringing into the country

September 10, 2024

Unexpected || Hawks To Arrest ANC Heavyweight Over R680 000 Alleged Money Laundering

September 11, 2024

Big Nuz – Ngeke Wins Ukhozi FM Top 10 Cross Over Song Of The Year 2022 to 2023

0

Watch: Babes Wodumo Performing Ngeke at The Last Dance 2022 | Song of The Year

0

Some people are angry on Babes Wodumo, following how She’s mourning her husband, take a look

0

Enhle Mbali exposed for ‘willing to be in a polygamous marriage’

0

MK Party Rocked as Deputy Secretary-General Defects to Shivambu’s Mayibuye Dialogue

August 10, 2025

ANC’s KZN Task Team in Crisis as Radebe-Mabuyakhulu Rivalry Escalates

August 10, 2025

Ramaphosa Overhauls National Convention Task Team Amid Internal Disputes

August 10, 2025

New Party Mayibuye iAfrika Eyes 2024 Municipal Elections, Shivambu Announces

August 10, 2025

Recent News

MK Party Rocked as Deputy Secretary-General Defects to Shivambu’s Mayibuye Dialogue

August 10, 2025

ANC’s KZN Task Team in Crisis as Radebe-Mabuyakhulu Rivalry Escalates

August 10, 2025

Ramaphosa Overhauls National Convention Task Team Amid Internal Disputes

August 10, 2025

New Party Mayibuye iAfrika Eyes 2024 Municipal Elections, Shivambu Announces

August 10, 2025

SA Leading Digital News. All the latest breaking news from across South Africa in one stream.

Advertise with us: info@ireportsouthafrica.co.za

Follow Us

Main Menu

  • Home
  • Latest News
  • Politics
  • ENTERTAINMENT
  • Lifestyle
  • Crime
  • SPORTS
  • IREPORT TV
  • RSS News Feeds

Recent News

MK Party Rocked as Deputy Secretary-General Defects to Shivambu’s Mayibuye Dialogue

August 10, 2025

ANC’s KZN Task Team in Crisis as Radebe-Mabuyakhulu Rivalry Escalates

August 10, 2025

Ramaphosa Overhauls National Convention Task Team Amid Internal Disputes

August 10, 2025

New Party Mayibuye iAfrika Eyes 2024 Municipal Elections, Shivambu Announces

August 10, 2025
  • About
  • RSS News Feeds

iReport South Africa to Advertise: info@ireportsouthafrica.co.za

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • LATEST NEWS
  • POLITICS
  • ENTERTAINMENT
  • LIFESTYLE
  • CRIME
  • SPORTS
  • BUSINESS
  • IREPORT TV
  • RSS News Feeds
  • Login

iReport South Africa to Advertise: info@ireportsouthafrica.co.za

Exit mobile version

SA Leading Digital News. All the latest breaking news from across South Africa in one stream.

Advertise with us: info@ireportsouthafrica.co.za

Follow Us

Main Menu

  • Home
  • Latest News
  • Politics
  • ENTERTAINMENT
  • Lifestyle
  • Crime
  • SPORTS
  • IREPORT TV
  • RSS News Feeds

Recent News

MK Party Rocked as Deputy Secretary-General Defects to Shivambu’s Mayibuye Dialogue

August 10, 2025

ANC’s KZN Task Team in Crisis as Radebe-Mabuyakhulu Rivalry Escalates

August 10, 2025

Ramaphosa Overhauls National Convention Task Team Amid Internal Disputes

August 10, 2025

New Party Mayibuye iAfrika Eyes 2024 Municipal Elections, Shivambu Announces

August 10, 2025
  • About
  • RSS News Feeds

iReport South Africa to Advertise: info@ireportsouthafrica.co.za

No Result
View All Result
  • HOME
  • LATEST NEWS
  • POLITICS
  • ENTERTAINMENT
  • LIFESTYLE
  • CRIME
  • SPORTS
  • BUSINESS
  • IREPORT TV
  • RSS News Feeds
  • Login

iReport South Africa to Advertise: info@ireportsouthafrica.co.za

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • HOME
  • LATEST NEWS
  • POLITICS
  • ENTERTAINMENT
  • LIFESTYLE
  • CRIME
  • SPORTS
  • BUSINESS
  • IREPORT TV
  • RSS News Feeds
  • Login

iReport South Africa to Advertise: info@ireportsouthafrica.co.za

Exit mobile version