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High Court strips Finance Minister of unilateral VAT powers and Africa’s trade momentum strengthens

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Stephen Grootes speaks to Micaela Paschini, Team Lead: Tax Legal at Tax Consulting SA about a major court ruling that could reshape how tax policy is made in South Africa. The Western Cape High Court has found that a section of the VAT Act allowing Finance Minister Enoch Godongwana to change the VAT rate without parliamentary approval is unconstitutional. The court suspended the order for 24 months to give Parliament time to fix the law, and the ruling will still need confirmation from the Constitutional Court of South Africa.

In other interviews, Philip Myburgh, Group Head of Trade for Business and Commercial Banking at Standard Bank talks about the broad improvements in trade‑enabling infrastructure and the rising business confidence highlighted in the latest Standard Bank Africa Trade Barometer.

The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.  
  
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