South Africa’s leading pharmacy chain, Clicks Group, has posted a 13.2% increase in its half-year profit, showcasing a strong performance in its health and beauty segments. For the six-month period …
Finance & ServicesMarketsSouth Africa
Tag:
VAT increase
- AFRICA NEWSEconomyPolicies
South Africa finance minister says dropping VAT hike would have severe consequences
South Africa’s Finance Minister, Enoch Godongwana, has warned that the country’s financial situation may get worse if plans to increase the value-added tax (VAT) rate from May are not allowed …
South Africa’s pro-business Democratic Alliance (DA) has taken legal action against the government, challenging the legality of the budget process and seeking to block the planned value-added tax (VAT) increase. …
- BusinessEnergyGOVERNMENTSouth AfricaSouthern Africa
South Africans Grapple with Escalating Electricity Tariffs Amid Economic Strain
In a move that has intensified the financial strain on many households, South Africa is set to implement a 12.7% increase in electricity tariffs effective April 1, 2025—a date dubbed …