News24 | Godongwana says he won’t resign over VAT U-turn
Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax increase that threatened to rupture the nation’s coalition government.
SATURDAY, 26 APRIL 2025, 06:25
Finance Minister Enoch Godongwana said he sees no reason to resign following his U-turn on a proposed tax increase that threatened to rupture the nation’s coalition government.
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The decision to scrap the proposed VAT increase has raised concerns about where government will generate revenue to fund essential services.
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The government’s abrupt U-turn on the VAT hike drew backlash, with businesses lamenting the millions already spent in preparation.
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