Godongwana given notice to table new bill to reverse 0.5% VAT increase
submitted 12 months ago by Lthabo1999
submitted 12 months ago by Lthabo1999
- Finance Minister Enoch Godongwana wants to reverse the 0.5% VAT increase he announced by introducing a new bill, causing some political parties to express concerns about the budget process starting over.
- The minister's plan to withdraw main money bills and introduce new ones may lead to a reset in the budget framework, with opposition parties questioning how this will impact the budget's alignment with the Money Bills Act.
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