SAPO signs R381 million agreement with UIF

A branch of the SA Post Office Office. 2 minutes The South African Post Office (SAPO) has entered into a R381 million agreement with the Unemployment Insurance Fund (UIF) aimed at preserving jobs and supporting the organisation’s recovery plan. The funding will be provided through the UIF’s Temporary Employer-Employee Relief Scheme (TERS) over a six-month…

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VAT increases to 15.5% in 2025/26 and to 16% in 2026/27

Tax-related material on a desk 2 minutes In efforts to broaden government’s strategy to secure additional funding for several frontline functions, Finance Minister Enoch Godongwana on Wednesday increased the value-added tax (VAT) rate by 0.5 percentage points in each of the next two years to 16 percent in 2026/27. In response to the tax increase,…

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