South African Finance Minister Enoch Godongwana said on Thursday he will not resign after the government's U-turn on a planned value-added tax hike, despite opposition calls for him to quit."My job is to introduce money bills - nothing says they must be popular,

South Africa’s National Treasury will scrap a proposed tax increase that threatened to rupture the nation’s coalition government. The rand rallied.

The South African government has canceled a proposed tax increase that has threatened to collapse the unity government after a pushback from various political parties