Finance Minister, Enoch Godongwana, proposed raising the value-added tax (VAT) from 15% to 17% to address a significant budget deficit. This proposal led to a cabinet rift, resulting in the unprecedented postponement of the national budget presentation. Proponents argue that increasing VAT would generate essential revenue and is more efficient than other taxes. However, critics… Read More »South Africa’s VAT Increase Proposal: Balancing Revenue and Economic Impact
In February 2025, during the 38th AU Summit, the theme for the African Union (AU) in that year will be officially announced by […]
Service and technology providers are playing a growing role in Africa’s oil and gas industry, delivering cutting-edge solutions that improve efficiency, foster innovation […]
Intense fighting erupted near the al-Jili oil refinery, north of Khartoum, as Sudan’s army advanced on the strategic facility in a multipronged offensive […]