South Africa's second biggest party the Democratic Alliance says finance minister Enoch Godongwana should resign. This after the minister withdrew a proposed increase to the value-added tax which was meant to come into effect next Thursday. In a court battle over this issue the minister and Parliament were accused of lying members of Parliament in order to get them to agree to a VAT increase. In a statement issued early morning on Thursday, the minister says not increasing VAT will cost the country 4 billion USD over 3 years. Chief Executive of Business Unity South Africa, Khulekani Mathe.

<p>South Africa's second biggest party the Democratic Alliance says finance minister Enoch Godongwana should resign. This after the minister withdrew a proposed increase to the value-added tax which was meant to come into effect next Thursday. In a court battle over this issue the minister and Parliament were accused of lying members of Parliament in order to get them to agree to a VAT increase. In a statement issued early morning on Thursday, the minister says not increasing VAT will cost the country 4 billion USD over 3 years.&nbsp;Chief Executive of Business Unity South Africa, Khulekani Mathe.</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>