South Africa's budget goes down to wire again

Budget 2025 | SACP slams 'regressive' VAT hike, proposes wealth tax to protect poor South Africans
The South African Communist Party strongly opposes Finance Minister Godongwana's proposed VAT increases, arguing they will disproportionately burden the poor while suggesting alternative measures including a wealth tax on the richest 20% of society.
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 smoothing divisions in the ruling coalition, but uncertainty remained over whether it would get the support in parliament to pass.
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 Budget Balancing Act: Rising VAT to Fund Health and Defense
South African lawmakers have outlined plans that include a 0.5% VAT increase to fund additional health and defense spending. The rise in VAT aims to address cuts in US aid, return 9,300 jobs in healthcare,
10 takeaways from South Africa’s second try at tabling a budget
Finance Minster Enoch Godongwana Wednesday tabled his budget for the for the 2025/2026 financial year, a month after it was postponed following a fall-out with the ANC’s biggest coalition partner over value-added tax hikes.
South Africa revised budget gets booed 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 it was immediately rejected by a key party in the unity government.
South African rand opens weaker before budget showdown
The South African rand opened weaker early on Wednesday, hours before the finance minister was set to present a revised annual budget in parliament.
South Africa budget: Proposed tax raise opposed amid economic challenges
South Africans say they're struggling as the government gears up to present a delayed budget that could include a tax hike.
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 ...
Sadtu says VAT increase is “ deeply concerning”
The teacher’s union says the increase imposes an additional burden on the majority of South Africans, who are already ...
South Africa plans to spend more on health and defense after US cuts aid
Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax ...
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SPEEDRUN – SA’s incoming VAT increase explained
There is a particular way the incoming VAT increase will work in South Africa over the next two years. Here's how.
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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, ...
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Warning for petrol prices in South Africa
After another tax freeze on fuel in the original budget, economists say Treasury is likely to sing a very different tune this ...
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DA Rejects VAT Increase, Steenhuisen Warns ANC Risks Public Backlash
Democratic Alliance (DA) leader John Steenhuisen has firmly rejected the ANC's proposed VAT increases, warning that his party ...
MKP slams 'racist' banking practices as Cosatu protests VAT hikes
MKP's Luther Lebelo launches scathing attack on South Africa's major banks over alleged discriminatory practices and ...