Daily Maverick on MSN17h
Unpacking South Africa’s 2025 budget speech — challenges, dynamics and implicationsVAT hikes, modest growth projections and a precarious parliamentary vote. What does this mean for the country’s financial ...
On Wednesday (12 March), the National Treasury proposed hiking value-added tax by 1 percentage point by mid-2026, increasing ...
Delivered by Finance Minister Enoch Godongwana on March 12, the budget reflects a government grappling with economic ...
With the ANC lacking a majority, Finance Minister Enoch Godongwana faces an uphill battle to secure enough votes.
Briefly on MSN3d
ANC in talks with opposition parties, Fikile Mbalula confirms party seeks support to pass budgetANC Secretary-General Fikile Mbalula confirmed that the party were in discussion with parties in and out of the GNU as they ...
Godongwana has indicated he’s prepared to make concessions, but he said differences over the budget need to be resolved at a ...
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 may already be over for South Africa’s revised budget, with key GNU partner, the DA, refusing to support it.
If he insists on a two percentage point VAT increase, the finance minister risks another revolt from coalition partners. However, abandoning any VAT hike leaves a substantial fiscal gap that the ...
Natal. He once served as the Mayor of Nkandla Local Municipality and chaired the SA Local Government Association.
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