Budget Day, Finance Minister

Finance Minister to deliver Budget Speech 2025
Minister of Finance, Enoch Godongwana, is expected to deliver the 2025 Budget Speech in Parliament today. The Budget Speech seeks to strike a balance between fostering economic growth and providing support for the most vulnerable in society, even with constrained resources.
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 in 'uncharted waters' as budget splits coalition government
This is the view of analysts after Finance Minister Enoch Godongwana's budget drew a backlash from various quarters, including a key partner in the coalition government rejecting his proposals for a second time.
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.
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 ...
WATCH: Finance Minister Enoch Godongwana delivers the 2025 Budget Speech
Finance Minister Enoch Godongwana's 2025 Budget Speech promises to reshape South Africa's economic landscape amidst rising ...
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 ...
BusinessTech3d
South Africa gets ready for the plunge
South Africa’s finance minister will make a second attempt at presenting an acceptable budget to a fractious coalition ...
Skills Portal1d
When Sassa Grants Will Be Increased For 2025
For vulnerable South Africans dependent on social assistance, the announcement of a SASSA grant increase in 2025 brings ...
Tech Financials on MSN3d
Government proposes VAT increase over two years
In light of new and persistent spending pressures in health, education, transport and security, government has decided to ...
South Africa’s government locked in budget stand-off
The budget stand-off is unprecedented in South Africa, which has been ruled by a grand coalition since July when Ramaphosa’s ...
ESI Africa3d
South Africa: VAT hike, govt bond to fund energy, logistics projects
The Budget delivered by Finance Minister, Enoch Godongwana, prioritised spending on infrastructure projects in energy and logistics ...