Minister seeks support as coalition frays

Finance Minister Enoch Godongwana said he'll enlist support from a range of political parties to get his revamped budget approved if the second-largest member of the nation's ruling coalition follows through on a threat to reject it.

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The National Treasury proposed raising the value-added tax rate incrementally to 16% by mid-2026, from 15% currently. That was half the increase it suggested three weeks ago, but was still shot down by the DA, which opposes tax hikes and wants more to be done to fire up the economy.