For the first time in South Africa’s democratic history, the national Budget Speech was cancelled. Finance Minister Enoch Godongwana was set to present the 2025 Budget Speech on 19 February 2025, but last-minute disputes within the Government of National Unity (GNU) forced a postponement. The primary issue? A controversial proposal to increase VAT by 2%. … Continue reading South Africa’s Budget Speech 2025 Cancelled – What It Means for the Economy