South Africa's budget goes down to wire again

2025 budget breakdown: experts discuss VAT hikes and economic implications for South Africa
Discover how South African experts are reacting to the 2025 Budget Speech, highlighting concerns over VAT increases, youth employment, and the implications for education funding.
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.
How a 0.5 percent point VAT increase will squeeze South Africans
A 0.5 percent point VAT increase may seem like a small adjustment, but even the tiniest hike puts pressure on an already unstable SA economy.
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 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.
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 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 budget goes down to the wire again
South Africa's cabinet was still meeting on the 2025 budget less than one hour before the finance minister was due to present it in parliament on Wednesday, a source from the Democratic Alliance party said,
South Africa proposes smaller VAT hike to end budget impasse
South Africa’s finance minister proposed scaling back tax increases and curbing spending in a bid to resolve a standoff over the budget in the nation’s fractious governing alliance. Watch this report for more details!
ANCYL expresses disappointment over VAT hike and demands tax justice
ANCYL criticises the proposed VAT hike, warning it will disproportionately affect vulnerable communities and calls for urgent ...
South Africa in 'unchartered waters' as budget splits coalition government
South Africa has entered unchartered waters following deep divisions in the coalition government over the national budget ...
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 ...
Cabinet slams DA's VAT opposition as 'anti-transformation' agenda
Cabinet spokesperson Khumbudzo Ntshavheni accuses the Democratic Alliance of using VAT opposition as a smokescreen to ...
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South Africa: National budget boosts infrastructure investment in key property areas
It also ultimately attracts new businesses and both residential and commercial property development and helps foster thriving ...
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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.
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 ...
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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 ...