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Controversy erupts over Godongwana's virtual attendance at Budget meeting
Parliament's joint meeting on the 2025/26 Budget is thrown into turmoil as EFF and MK Party express outrage over Finance Minister Godongwana's virtual attendance.
Political parties 'don't want a repeat' of Budget drama
Optimism mounts among chairpersons of parliamentary committees that the revised budget will pass.
Scopa chair calls for urgent action to address fiscal leakage in South Africa
Songezo Zibi, chairperson of Scopa, emphasises the urgent need to tackle fiscal leakage and inefficiencies in public funds, advocating for a strategic reallocation of resources to stimulate economic growth in South Africa.
Political parties 'don't want a repeat' of Budget drama
Optimism mounts among chairpersons of parliamentary committees that the revised budget will pass.
South Africa to invest over R1 trillion in infrastructure over three years
Finance Minister Enoch Godongwana reveals a bold R1 trillion infrastructure investment plan aimed at roads, rail, energy and water.
Godongwana tables 2025 revised budget, introduces fuel tax increases
Finance Minister Enoch Godongwana on Wednesday unveiled significant fuel tax increases and outlined a roadmap for sustainable growth.
New fuel tax hits motorists hard in 2025 Budget
Finance Minister Enoch Godongwana on Wednesday unveils significant fuel tax increases and outlines a roadmap for sustainable growth.
2025 Budget announcement | Godongwana introduces fuel tax increases in South Africa
Finance Minister Enoch Godongwana unveils the 2025 budget, detailing significant fuel tax increases and a strategic plan for sustainable economic growth that impacts all South Africans.
Godongwana tables 2025 revised budget, introduces fuel tax increases
Finance Minister Enoch Godongwana on Wednesday unveils significant fuel tax increases and outlines a roadmap for sustainable growth.
Budget: SARS allocated R7. 5 billion to build capacity to collect more taxes
There will be inflationary increase in the general fuel levy, above-inflation increases in excise duties on alcohol and tobacco products as well as a diesel refund relief for primary sectors.
Budget: South Africa to invest over R1 trillion in infrastructure over three years
Finance Minister Enoch Godongwana reveals a bold R1 trillion infrastructure investment plan aimed at roads, rail, energy and water.
Cut spending and the budget will pass, Godongwana told ahead of speech
Finance Minister Enoch Godongwana faces mounting pressure to balance public demands for increased funding and a wealth tax while steering clear of austerity measures in the upcoming 2025 Budget.
Godongwana under pressure to maintain spending
Finance Minister Godongwana is under increasing pressure to avoid austerity measures in the upcoming 2025 budget, as economic challenges loom.
Godongwana under pressure to avoid austerity measures in the 2025 Budget
Finance Minister Enoch Godongwana faces mounting pressure to balance public demands for increased funding and a wealth tax while steering clear of austerity measures in the upcoming 2025 Budget.
Budget 3. 0: Godongwana's Crucial Task Amid Economic Pressures
In less than a week, Finance Minister Enoch Godongwana will have a crack on the 2025-26 budget for the third time in a period of two months and find revenue to plug the about R75 billion budget shirtfall.
Godongwana faces budget challenge amid economic pressures
In less than a week, Finance Minister Enoch Godongwana will have a crack on the 2025-26 budget for the third time in a period of two months and find revenue to plug the about R75 billion budget shirtfall.
Calls for Godongwana’s resignation grow over VAT blunder
The initial proposal to increase VAT by 2% triggered strong backlash from political parties, trade unions, and civil society. Under intense pressure, Godongwana revised the proposal to a 0. 5% hike, but this too was challenged in court by the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF).
Godongwana's new Bill aims to abolish VAT hike before May deadline
In a significant move, Finance Minister Enoch Godongwana introduces a new Bill to replace the VAT increase, aiming to avert its implementation on May 1 amid ongoing political negotiations.
R408 million allocated for taxi industry relief raises eyebrows
Build One South Africa leader Mmusi Maimane raises critical concerns after the Transport Department allocated R408 million in relief funds to the taxi industry
When bulls fight, crops suffer: The 3rd VAT increase in 34 years
Finance Minister Godongwana's delayed 2025 budget introduces a phased 1% VAT increase, the third in 34 years. This article examines how this contentious decision will impact South Africa's poor, middle class, and businesses, while exploring alternative approaches to broaden the tax base through job creation and economic growth.
MK Party condemns proposed VAT hike as 'cruel attack' on poor South Africans
The MK Party has strongly condemned the National Treasury's proposed 0. 5% VAT increase, calling it a 'cruel and calculated attack' on the working class. As parliamentary tension rises over the budget vote, MK Party representatives have vowed to reject any form of VAT increase and warned of potential election manipulation through digital IDs.
Cosatu calls for amendment to Budget, slams proposed VAT hike
Parliamentary finance committees met to discuss South Africa's economic policies, with COSATU strongly opposing the proposed VAT increase that they argue will harm working-class families already struggling with inflation and high unemployment.
Political fallout looms as ANC pushes controversial VAT hike
The ANC faces significant political risks as it pushes for a VAT increase despite widespread opposition from major parliamentary parties.
Moody’s and Fitch see South Africa’s debt burden outpacing Budget forecasts
Credit ratings agencies Moody's and Fitch have challenged South Africa's National Treasury projections, warning that government debt will stabilise at higher levels than anticipated in the 2025 Budget. The agencies predict debt-to-GDP ratios could reach 80%, while political tensions within the GNU threaten budget implementation
VAT increase sparks fears for businesses and consumers in South Africa
"Business and civil society groups express concerns over the government's planned VAT increase, warning of its potential impact on low-income households and economic activity.