Parliament calls off meeting to discuss new bill introduced by Finance Minister
submitted 7 months ago by Lthabo1999
submitted 7 months ago by Lthabo1999
- Parliament's finance committee canceled a meeting to discuss a new bill by Finance Minister Godongwana that aimed to reverse a proposed VAT increase, as the budget process needs to restart due to legal challenges by opposition parties.
- The bill not only addresses VAT but also other taxes, and National Treasury is working on a new fiscal framework after the court suspended the VAT increase, with all eyes on Godongwana to produce a budget with majority support.
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