South Africa Weighs Budget Changes

Opinion
Budget 2025: A Tough Balancing Act for Beleaguered Finance Minister
Life is a game of pragmatic trade-offs; it was thus a realistic compromise by the Minister of Finance and his budget team to agree to raise the VAT by only 0. 5% in the financial year 2025/26 and by another 0.
South Africa's budget may be tweaked further, finance minister says
South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance minister told Reuters.
South Africa’s 2025 Budget Sparks Public and Political Debate
South Africa's Finance Minister, Enoch Godongwana, has announced a 0.5% increase in Value Added Tax (VAT) for the current financial year, with an additional 0.5% hike planned for 2026. This measure aims to address urgent revenue needs amidst ongoing political negotiations within the Government of National Unity (GNU).
South Africa: What Happens Next for a Contested Budget?
Some political brinkmanship is probably about to be played out, despite all the seemingly high-minded objections to the VAT hike.
South Africa Weighs Budget Changes as Parties Reject Tax Hikes
South African Finance Minister Enoch Godongwana may have to make changes to the national budget after parties that control more than half the seats in parliament rejected his plans to raise taxes.
How South Africa’s proposed 16% VAT rate compares to other countries around the world | Budget 2025
Explore how South Africa's proposed 16% VAT rate stacks up against global standards and what it means for consumers.
South Africa revised budget sparks anger despite smaller tax hike
South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but the move was still rejected by trade unions who say any rise in taxes that will have a negative impact on the country’s poorest is unacceptable.
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South Africa Wine condemns unfair excise tax decision
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The Economist4d
South Africa’s government is looking fragile
B udget announcements are rarely memorable events in South Africa. But the statement on March 12th by Enoch Godongwana, the ...
The Mail & Guardian5d
Rising debt, inefficiencies are draining South Africa’s fiscus, finance committees say
The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult ...