Latest News & Developments
national treasury
KwaZulu Natal MEC Siboniso Duma promises to clear R1. 5 billion payment backlog affecting service providers
Transport MEC Siboniso Duma reveals a R1. 5 billion payment crisis affecting over 2,000 service providers in KwaZulu-Natal, promising urgent action to resolve the issue and restore service delivery.
EFF calls for transparency in 2025 budget hearings amid economic crisis
The EFF demands genuine public engagement and transparency in the 2025 budget hearings, urging Parliament to abandon its 'rubber-stamp' approach for a more inclusive process.
Malema calls for resignation of Godongwana over VAT increase
Julius Malema of the EFF demands the resignation of Finance Minister Enoch Godongwana following a court ruling that halted a controversial VAT increase, claiming it as a victory for South Africa's working class.
Paul Mashatile outlines ANC's strategy to strengthen the GNU
Discover how Deputy President Paul Mashatile's plans to reconfigure the Government of National Unity aim to address South Africa's pressing issues amidst ongoing fiscal disputes.
Relief for taxpayers after close 2025 Budget Vote
As policymakers convene to turn these discussions into actionable changes, the prospects of a fairer tax framework stand to benefit millions.
Five things to know about the chaotic Budget 2025
The DA announced that it will be heading court to challenge the budget after the ANC managed to gather support for the budget to be passed in its approval as part of the GNU.
Parliament passes Budget despite rejections
In a chaotic Budget Vote marked by heckling and legal challenges, South Africa's political landscape faces uncertainty as parties clash over fiscal policies that could impact millions.
Economists fear crucial budget vote could threaten economic stability as tensions rise
South Africa's Standing Committee on Finance is set to vote on the fiscal framework, potentially deciding the fate of Finance Minister Godongwana's proposed VAT increase and testing the fragility of the Government of National Unity. Economic experts warn of various potential outcomes and their implications for the country's financial markets and economic stability.
ANC seeks BOSA's support for budget amid ActionSA's rejection
The ANC is in a tight spot as it seeks support for the 2025/26 national budget from BOSA, which has outlined specific conditions for its endorsement. Will these negotiations lead to a breakthrough?
Can Tshwane's debt-relief programme solve its R30 billion financial crisis?
Discover how Tshwane's new debt relief programme offers vital support to residents and businesses facing financial challenges amidst a R30 billion debt crisis.
Parliament's watchdog demands answers from municipalities over financial audit crisis
The Standing Committee on Public Accounts (Scopa) is set to summon municipal councils and provincial MECs following revelations that 10 municipalities failed to submit crucial financial statements to the Auditor-General, threatening accountability in local government.
Record R527. 2 billion Provincial Budget sets Gauteng's economic vision
Gauteng Finance MEC Lebogang Maile presents an ambitious R527. 2 billion budget aimed at transforming the province's economic landscape. With targeted investments in health, education, and development, the plan seeks to attract R800 billion in investments while addressing crucial challenges in South Africa's economic powerhouse.
Education, Health lead Gauteng's R211 billion Provincial Budget for 2025
Gauteng's ambitious R211 billion budget allocation reveals major investments in education and healthcare, with R69. 6 billion and R66 billion respectively earmarked for these crucial sectors. MEC Lebogang Maile's comprehensive financial strategy aims to tackle unemployment, inequality, and service delivery challenges across the province.
Budget 2025 | National Treasury allocates R19. 1 billion to retain teachers amid job cuts
Amid budget cuts leading to job losses in education, Finance Minister Enoch Godongwana announces a R19. 1 billion allocation to retain teachers, addressing the challenges of high learner-teacher ratios and ensuring effective education in South Africa.
eThekwini Municipality's initiative for youth empowerment through sports
The Bridge City Youth Development Hub aims to combat crime and social issues through sports and education, with the eThekwini Municipality seeking approval for its implementation
Cosatu calls for progressive Budget alternatives ahead of March 12 Parliament return
Cosatu welcomes Cabinet's decision to reconsider the 2% VAT hike while emphasising the need for a balanced budget that strengthens public services, stimulates economic growth, and protects the working class. The union federation outlines key priorities ahead of the March 12 Budget presentation.
SA economic recovery requires spending cuts, not VAT hikes, says economist Nicky Weimar
Nedbank's chief economist Nicky Weimar outlines a pragmatic approach to South Africa's economic challenges, advocating for reduced government spending and diplomatic caution with the US amid global trade tensions. With fiscal reserves depleted and growth stagnating, she warns against quick-fix solutions and emphasises the need for structural reforms
Beyond big business: SMEs as South Africa's tax base solution
South Africa's narrow tax base poses significant economic challenges, with just 2. 6% of the population contributing over 76% of personal income tax. This analysis explores how integrating SMEs into the formal economy could revolutionise the country's tax system and drive sustainable economic growth.
Energy expert sounds alarm on Eskom’s municipal debt
Energy experts warn that the escalating R100 billion debt owed by municipalities to Eskom poses a significant threat to the power utility and South Africa's economy
andHistoric GNU Budget delay: a turning point for South African politics
In an unprecedented move, South Africa's 2025 Budget Speech has been postponed due to GNU disagreements. While markets react nervously, this delay might signal a positive shift towards more collaborative governance.
Proposed VAT increase could push South Africans deeper into debt crisis
Financial experts warn that a potential VAT increase could devastate South African households already struggling with rising living costs and mounting debt. The postponement of the Budget Speech has left the nation anxious about possible tax hikes.
Budget postponement signals urgent need for consensus in GNU
The unexpected postponement of South Africa's national budget until March 12 reveals a fractured coalition government, prompting urgent calls for consensus as the clock ticks down on urgent economic decisions.
Former finance ministers call for fiscal funds to be found elsewhere
In a critical moment for South Africa's economic landscape, former Finance Ministers Nhlanhla Nene and Malusi Gigaba have shed light on the unique political factors that contributed to the postponement of the national budget.
Exploring alternative revenue strategies amid South Africa’s economic challenges
SARS Commissioner Edward Kieswetter raises concerns about proposed tax increases, advocating for better funding and modernisation of the tax system to recover uncollected taxes and support vulnerable households
Some GNU partners want cut on spending in revised budget
Finance Minister Enoch Godongwana faces mounting pressure from GNU partners as they debate budget cuts and a controversial VAT increase ahead of the 2025 budget presentation.