# Finance minister Enoch Godongwana has rejected calls for him to resign, following his reversal of a planned 0.5-percent increase in value-added tax. The proposal to raise the VAT by one percentage point over two years, which was intended to boost state revenue, met resistance from some political parties and the business sector. The termination leaves a 75-billion-rand expenditure hole in the fiscus. Godongwana told Reuters that his job is to introduce money bills, and nothing says they must be popular.
Minister Godongwana rejects calls for his resignation