The government’s severe fumbling of the 2025 budget has left South Africa bruised, with businesses flushing money down the drain, preparing for a VAT hike that should clearly never have happened. National Treasury announced this morning that Finance Minister Enoch Godongwana will withdraw the contentious 0.5 percentage point VAT hike and table new bills without it. TT speaks to Political Analyst, Lukhona Mnguni.

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