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Finance News

It has been a roller-coaster of will they, wont they over the proposed and then rescinded plan to increase VAT by 1% over two years.

As things currently stand, the plan has been pulled and new plans will have to be made to try push up government income or cut spending.

The markets (already in turmoil due to US tariff wars) initially punished and have now rewarded the Rand with losses and gains. 

This period of confusion, political uncertainty and poor relations with the US saw the Rand drop to an all time low in April 2025, though it has now regained some of its strength.