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South African rand firms

South African rand firms as investors seek clarity on budget

South Africa's rand firmed on Friday as investors awaited clarity amid a dispute over the national budget that has rattled domestic markets.

Cape Argus on MSN · 19h

South African rand strengthens after government abandons VAT increase

Following the announcement by Finance Minister Enoch Godongwana to abandon the proposed VAT increase, the South African rand has shown signs of recovery, gaining value against the US dollar. This decision comes amid significant opposition and legal challenges from various political factions.

EconoTimes · 1d

FxWirePro: USD/ZAR firms as rand on back foot as investors seek budget clarity, tariff relief

USD/ZAR firmed on Thursday as investors awaited clarity on the South Africas budget plans. The proposal to lift VAT by a combined 1 % over two years has pitted the countrys largest parties against each other

South Africa Scraps Proposed Tax Increase

Bloomberg L.P. · 1d

South Africa Ditches Tax Hike That Tested Ruling Coalition

South Africa’s National Treasury will scrap a proposed tax increase that threatened to rupture the nation’s coalition government. The rand rallied.

The Financial Times · 1d

South Africa scraps VAT increase in dramatic U-turn after coalition rift

In a late-night announcement, finance minister Enoch Godongwana said the proposal to lift VAT from 15.5 per cent to 16 per cent over two years had been dropped after “extensive consultation with political parties”,

The Associated Press - Busines… · 1d

South Africa scraps proposed tax increase after coalition partners pushback

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after a pushback from various political parties

Ramaphosa to meet Trump 'soon' to discuss strained South Africa-US relations

South African President Cyril Ramaphosa said he will ‘’soon’’ meet U.S. President Donald Trump to discuss relations between ...

11hon MSN

Iconic Totalsports Women’s Race to light up South Africa’s streets in 2025

The iconic Totalsports Women’s Race, heralded as South Africa’s largest celebration of Women’s Month, is set to kick off in ...

The South African on MSN2d

Johannesburg to face two weeks without water in May

Johannesburg will experience a water supply issue in May which is set to leave many residents without water for up to two ...

18hon MSN

Money flooding into South Africa from Saudi Arabia

A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed ...

11hon MSN

'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 ...

2don MSN

Why South Africa and Ukraine are wooing each other - and what will Trump think?

Ukraine's President Volodymyr Zelensky is on a historic visit to South Africa, signalling a dramatic improvement in the ...

4don MSN

Where will the next pope come from? Analysts say it could be Africa’s time

Christianity is booming in Africa, leading analysts to tell Fox News Digital that it could be time for the next pope to come ...

15hon MSN

South African Fashion Week Spring/Summer edition showcases bold creativity and innovative designs

Adding to the excitement, the Cruz Collective made its debut, featuring young and avant-garde designers, including the ...

5don MSN

A Pentecostal church in South Africa holds mass Easter weddings for 3,000 people, some polygamous

A Pentecostal church in South Africa has celebrated Easter Sunday with mass wedding ceremonies for around 3,000 people, with ...

13h

South Africa 2025 economic growth forecast cut to 1.5% on tariff worries

South African economic growth will be a bit weaker this year than thought a month ago partly due to trade tensions, with U.S.

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