Poging GOUD - Vrij
Rand strengthens following VAT increase cancellation
Cape Argus
|April 25, 2025
THE rand showed signs of recovery yesterday, strengthening slightly after Finance Minister Enoch Godongwana announced the government' decision to abandon the contentious Value Value Added Tax (VAT) increase.
The move, made public during a morning briefing, has been welcomed by various sectors including business and civil society, propelling the rand to a value of R18.6650 against the US dollar, marking a modest gain of 0.1% from the previous day’s close.
The proposed 0.5 percentage point hike, which was set to take effect on May 1, had been introduced in the February National Budget to help bridge a significant R75 billion fiscal shortfall.
However, this proposal quickly found itself at the centre of a heated debate, facing mounting opposition from a coalition of business leaders and social advocates.
Dit verhaal komt uit de April 25, 2025-editie van Cape Argus.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Cape Argus
Cape Argus
Nel returns as Stormers brace for 'knockout' showdown
WHILE the Stormers will welcome back the majority of their main players for Saturday's clash against the Leicester Tigers, the team has received a further shot in the arm.
2 mins
January 14, 2026
Cape Argus
SA’s path to an AI-ready workforce
SOUTH Africa's long-term economic competitiveness depends on how effectively it embraces digital transformation.
3 mins
January 14, 2026
Cape Argus
Explore diverse Cape Town shows: surf, dance and adventure await
Rolex Fellows: ListeningTo Walls Wear Off Their Colour Three internationally recognised artists, Maya Zbib (theatre, Lebanon), Lee Serle (dance, Australia), and Mateo L6pez (visual arts, Colombia) and former fellows of the Rolex Mentoring Programme, unite in this rare collaboration.
1 min
January 14, 2026
Cape Argus
SILIKAMVA HIGH SCHOOL: FROM 40% TO 100% PASS RATE
IN A packed school hall in Hout Bay, the atmosphere was thick with nerves, pride and disbelief as the Class of 2025 at Silikamva High School waited for their matric results.
3 mins
January 14, 2026
Cape Argus
Quarter-finals spark outrage, prompting CAF's probe
THE Confederation of African Football (CAF) has launched a thorough investigation into incidents of misconduct that marred the closing moments of two crucial Africa Cup of Nations (AFCON) quarterfinal matches.
2 mins
January 14, 2026
Cape Argus
Nitric acid incident triggers evacuation
THE City of Cape Town has confirmed that a hazardous chemical reaction, involving nitric acid and phosphorous acid, triggered a major emergency response and mass evacuation in Montague Gardens on Monday.
2 mins
January 14, 2026
Cape Argus
Political parties weigh in on WC top spot ranking
AS THE country celebrates a historical matric pass rate of 88% and 88.2% provincially, political parties have challenged it, citing that it has lost its grip on clinging the top position following teacher cuts.
2 mins
January 14, 2026
Cape Argus
'Serious threat': Indonesia legal reform sparks rights challenges
ACTIVISTS are challenging Indonesia’s new criminal code, which outlaws sex outside marriage and the insulting of top officials, saying it threatens rights and gives authorities broad power with minimal oversight.
2 mins
January 14, 2026
Cape Argus
Affordable school uniforms and job creation possible through local cooperatives
AS THE 2026 academic year starts today, the African Transformation Movement (ATM) has called for a radical change in how school uniforms are provided, urging the introduction of a ward-based cooperative model to tackle unemployment and poverty.
1 mins
January 14, 2026
Cape Argus
Pressure mounts on Caracas
WASHINGTON announced this week Venezuelan opposition figure Maria Corina Machado will meet President Donald Trump this week as pressure grew on the interim leadership in Caracas to speed up the release of political prisoners.
2 mins
January 14, 2026
Listen
Translate
Change font size