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 – everything you need to know
Finance Minister Enoch Godongwana delivered the 2025 National Budget Speech on Wednesday (12 March). The budget addressed several key points, including the country’s current economic status, growth projections, substantial debt servicing costs, proposed increases in VAT and sin taxes, and the continuation of the social relief grant.
South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.
South Africa proposes smaller VAT hike in revised budget, disagreements remain
South Africa’s National Treasury on Wednesday proposed a smaller hike in value-added tax in a revised budget aimed at ending deadlock within the coalition government, but it was not clear if it would get the support in parliament to pass.
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.
The South African2d
Budget Speech 2025: What is going to happen to the SRD grant?
The Budget Speech 2025 has revealed when the SRD grant will end and other plans for the beneficiaries. Here’s all you need to ...
Briefly on MSN3d
EFF and DA Unite Against VAT Increase, Parties Won’t Support 2025 Budget in Its Current Form
The Democratic Alliance and Economic Freedom Fighters have both rejected Finance Minister Enoch Godongwana's budget speech, ...
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 ...
Bizcommunity.com on MSN1d
South Africa’s 2025 budget: Unlocking mining's full potential could reshape South Africa's economy
While Finance Minister Enoch Godongwana's budget delivered on Thursday, 12 March, provides some welcome support to the mining ...
Briefly on MSN4d
2025 Budget Speech: Economy Expert Says South Africa Needs More Economic Growth, Not Tax Increases
Economy expert Maarten van Doesburgh has weighed in on the upcoming budget speech, saying that the government need to focus ...