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South Africa’s 2025 budget, tabled by Finance Minister Enoch Godongwana, faces significant backlash from coalition partners, particularly the Democratic Alliance. The delay in presentation was prompted by intense opposition to …
Challenges Arise for South Africa’s Budget as Coalition Faces Rifts Read More
The MCSA praised the budget revealed by Finance Minister Godongwana, highlighting diesel refunds and carbon tax commitments that could enhance the mining sector. However, it expressed concern over the sector’s …
Budget 2025: Unlocking Mining’s Potential to Transform South Africa’s Economy Read More
South Africa plans to raise VAT to 16% within two years to support vital services, with incremental increases starting on 1 May 2025. Finance Minister Godongwana highlighted the necessity of …
South Africa to Increase VAT to 16%: Key Points from the Budget Announcement Read More
South Africa’s Finance Minister Enoch Godongwana highlighted potential budget adjustments following discussions on a reduced VAT increase. The ANC seeks support from other parties amid strong opposition, particularly from the …
Potential Tweaks to South Africa’s Budget as Political Talks Continue Read More
Finance Minister Enoch Godongwana presented South Africa’s 2025 Budget, featuring a VAT increase, no inflation adjustments to tax credits, and substantial funding priority for social programs. Key investments in infrastructure …
Overview of South Africa’s 2025 Budget Key Takeaways Read More
South Africa’s Finance Minister Enoch Godongwana revealed a revised budget proposing a staggered VAT increase to 16%, causing significant backlash from key opposition, particularly the Democratic Alliance. The budget aims …
South Africa’s Revised Budget Faces Strong Opposition Despite VAT Reduction Read More
South Africa plans to invest over 1 trillion rand (54.5 billion USD) in infrastructure over the next three years to stimulate economic growth. The focus will be on transport, energy, …
South Africa Announces 54 Billion USD Infrastructure Investment Plan Read More
South Africa’s Finance Minister Enoch Godongwana revealed a revised budget, proposing a 1% VAT increase. Despite this smaller tax hike, the budget was rejected by the Democratic Alliance, citing concerns …
South Africa’s Revised Budget Faces Backlash Despite Modest Tax Increase Read More
South Africa’s lawmakers propose increased funding for health and defense while raising VAT by 0.5%, impacting the cost of living. An additional 28.9 billion rand is earmarked for health, affected …
South Africa’s Budget Focus: Increased Health and Defense Spending Amid US Aid Cuts Read More
South Africa’s National Treasury proposed a smaller VAT hike of 0.5 percentage points to resolve coalition disagreements, following a failed 2-point proposal. Despite this adjustment, opposition from the Democratic Alliance …
South Africa’s National Treasury Proposes Smaller VAT Hike Amid Coalition Disputes Read More