Discover how Finance Minister Enoch Godongwana's Budget Speech impacts your finances, from VAT increases to social grants.

The minister in the presidency says the DA’s opposition to the Budget hinges on political issues such as the Expropriation ...

FW de Klerk Foundation Statement on the 2025 Budget Speech.. The FW de Klerk Foundation acknowledges the 2025 Budget Speech delivered by Finance Minister Enoch Godon ...

The DA is holding the country to ransom with issues that have nothing to do with the Budget, Minister in the Presidency ...

Following the presentation of the much-awaited and controversial Budget speech on Wednesday, the African National Congress ...

One of the most notable changes is the increase in Value-Added Tax (VAT), which will rise from 15% to 15.5% on May 1, 2025, with another 0.5% increase coming in 2026.

South African Minister of Finance Enoch Godongwana delivers the 2025 Budget Speech to parliament in Cape Town, South Africa, ...

Young South Africans voice their concerns and perspectives on the sustainability of social grants, the rising national debt burden and the upcoming VAT increases in response to South Africa's recent ...

Parliament has the power to amend the budget, thanks to the Money Bills Amendment Procedure and Related Matters Amendment Act. Before this legislation was first enacted in 2009, the national ...

It also ultimately attracts new businesses and both residential and commercial property development and helps foster thriving ...

If anything, the 2025 Budget Speech adds more pressure on South African SMEs, many of which were already struggling.

The key sticking point? The value-added tax (VAT) increase, which was originally proposed at a 2% hike to 17%, but was later ...