Paul Vecchiatto

Writer at Bloomberg News

Correspondent at ITWeb

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Articles

South Africa Says AIDS Drugs Available Despite US Funding Cut

6 days ago | news.bloombergtax.com | Paul Vecchiatto

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South Africa Says AIDS Drugs Available Despite US Funding Cut

6 days ago | bloomberg.com | Paul Vecchiatto

A patient holds a medication used for the treatment of HIV infection in Mbombela, South Africa. (Bloomberg) -- South Africa’s government said its HIV-AIDS treatment program is fully funded for the current financial year despite the withdrawal of support from the US, and all patients should continue to receive their medication. About 7.8 million South Africans, or almost 13% of the population, live with the virus that causes AIDS — the world’s biggest HIV epidemic.
Cape Town’s Plan to Hike Municipal Levies Infuriates Homeowners

1 week ago | bloomberg.com | Paul Vecchiatto |Mike Cohen

The city center in Cape Town. (Bloomberg) -- Plans by the authorities in Cape Town, South Africa’s second-biggest city and main tourism hub, to raise municipal levies by as much as 30% from July has sparked a public outcry ahead of next year’s local government elections.
South Africa’s Democratic Alliance Challenges Tax Hike in Court

3 weeks ago | news.bloombergtax.com | Paul Vecchiatto

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
South Africa’s Democratic Alliance Challenges Tax Hike in Court

3 weeks ago | news.bloombergtax.com | Paul Vecchiatto

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
South Africa’s Democratic Alliance Challenges Tax Hike in Court

3 weeks ago | news.bloomberglaw.com | Paul Vecchiatto

South Africa’s Democratic Alliance party began a court challenge to stop a proposed tax increase — a case that’s threatened to fracture the coalition government. The Western Cape High Court will on Tuesday begin hearing the DA’s application to interdict the half-a-percentage point increase in the value-added tax rate — currently at 15% — that’s scheduled to be implemented on May 1.
South African Tax Lawsuit Testing Ruling Alliance Goes to Court

3 weeks ago | bloomberg.com | Paul Vecchiatto

Democratic Alliance party branding. Photographer: Waldo Swiegers/Bloomberg(Bloomberg) -- South Africa’s High Court on Tuesday heard an application filed by two political parties that seeks to stop a proposed tax hike — a case that threatens to fracture the nation’s coalition government.
South Africa’s Main Parties Hold ‘Constructive’ Budget Talks

1 month ago | bloomberg.com | Ntando Thukwana |Paul Vecchiatto

Fikile Mbalula(Bloomberg) -- The two largest political parties in South Africa’s governing coalition said they held constructive talks on Saturday to resolve an ongoing dispute over the nation’s budget.
Live Feed| PSC briefs the media on the release of Pulse Bulletin.

1 month ago | fullview.co.za | Paul Vecchiatto |Mike Cohen |Bloomberg....Read More

By Lehlohonolo Lehana. The Public Service Commission (PSC) is hosting a media briefing on the Quarterly Bulletin titled: The Pulse of the Public Service for the period: 01 January to 31 March 2025.
South Africa's coalition teeters as Budget shows widening rift. - Fullview

1 month ago | fullview.co.za | Paul Vecchiatto |Mike Cohen |Bloomberg....Read More

By Paul Vecchiatto and Mike Cohen, Bloomberg. South Africa’s ruling coalition risks unraveling after a dispute between its main members over proposed tax increases deepened, pummeling the rand. Tensions within the alliance were already running high because of disagreements over a series of contentious laws and exploded after the fiscal framework, which underpins the budget and incorporates a proposal to raise the value-added tax rate, was approved by the National Assembly late Wednesday.