South Africa Halts Planned VAT Hike After Pushback
South Africa’s Finance Minister Enoch Godongwana has dropped plans to increase value-added tax (VAT), in a major climb-down to prevent the collapse of the coalition government. Godongwana’s decision came after the second-biggest party, the Democratic Alliance (DA), threatened to quit the government, warning a VAT hike would hurt the poor the most. Godongwana, a member […]