News24 | 0.5 percentage point VAT increase suspended in Western Cape High Court

Finance Minister Enoch Godongwana. (Jeffrey Abrahams/ Gallo Images)

The 0.5 percentage point VAT increase has been suspended. 

The ruling was made in the Western Cape High Court on Sunday afternoon following a legal challenge brought by the DA, with the EFF granted leave to intervene. 

The court also ordered Finance Minister Enoch Godongwana and parliamentary leaders to pay costs, pointing out mistakes in how the fiscal framework was adopted.

More to follow.

Discover the Truth

Step into a world where the truth shines bright, and every headline is worth your time. With News24, you're not just reading the news; you are part of a community that values knowledge and insight. Immerse yourself in compelling stories, sharp analyses, and content that keeps you ahead of the curve.