Discover how the 2025 National Budget, approved by Cabinet, aims to address fiscal challenges while supporting South African families.
“It is deeply disappointing that the minister missed an opportunity to increase HPL to 20% to boost the fiscus and instead chose the option to rather increase VAT, ...
Many households earning less than R8,000 per month often rely on relationships with neighbours and relatives, borrowing from them to bridge the gap before their ...
There are a number of VAT-inclusive services associated with the purchase of a home, for which buyers will need to allocate additional budget, which will impact ...
Finance Minister Enoch Godongwana said in the 2025 Budget that government will impose more taxation on tobacco and alcohol products in the coming year.
Watch the country's finance minister deliver his 2025 budget speech below.
Financial experts warn that a potential VAT increase could devastate South African households already struggling with rising living costs and mounting debt. The ...
South Africa faces potential economic turmoil as the Finance Minister's Budget speech is postponed amidst GNU disagreements over VAT increases. Leading economists ...
FairPlay movement said that the government should use the delay in announcing this year’s Budget to provide for the inclusion of VAT-free chicken in next month’s ...
Below is the full budget speech delivered by South Africa’s Minister of Finance, Enoch Godongwana.
South Africa's state-owned transport utility Transnet faces mounting financial challenges as Treasury calls for urgent debt stabilisation. With losses exceeding ...
The South African Treasury, alongside the Department of Communications and Digital Technologies, is implementing a crucial rescue plan for the struggling Post Office. ...
Treasury's 2025 Budget reveals Eskom's growing dependency on government support, with municipal debt soaring to R94. 8 billion while the power utility struggles ...
This increase would have further impoverish many financially struggling consumers has drawn the ire of Government of National Unity party members
UASA said they noted with concern and dismay the postponement of the National Budget Speech by the Minister of Finance, Enoch Godongwana, on Wednesday afternoon. ...
Finance Minister Enoch Godongwana's sudden postponement of the Budget Speech sparks market volatility and raises concerns over potential VAT increases. Expert analysis ...
Parties under South Africa’s government of national unity (GNU) disagreed on the looming tax increases, with the DA saying it was opposed to an increase in Value ...
It was announced that Godongwana’s Budget speech will be postponed until further notice.
South Africa’s Rand weakened ahead of Finance Minister Enoch Godongwana's budget speech on Wednesday
Finance Minister Enoch Godongwana's upcoming Budget Speech is set to address crucial tax adjustments, AI implementation in tax collection, and international trade ...