Finance Minister to work third budget, after scrapping of VAT increase

PRETORIA - The Finance Minister will present a third budget after a decision to scrap the VAT increase.

Enoch Godongwana will table a bill to reverse the half percentage point hike.

WATCH | GNU tensions boil over as treasury ditches VAT hike

Although this means the entire process of approving the Fiscal Framework will have to start again from scratch.

SA Institute of Chartered Accountants Head of Tax Pieter Faber spoke to eNCA.