South Africa’s Finance Minister Enoch Godongwana has stood firm on the controversial 0.5% increase in value-added tax (VAT), scheduled to take effect on May 1, saying...
South Africa is standing on a political and economic knife’s edge. A proposed increase in Value Added Tax (VAT) has not only sent shockwaves through households...
South Africa could end up paying a steep price for its international borrowing strategy after a global risk sell-off triggered by President Donald Trump’s sweeping tariff...
As South Africa’s political leaders scramble to finalise the 2025 budget, a fierce debate has erupted over how best to raise revenue—and whether the country can...
President Cyril Ramaphosa has made it clear that while the National Treasury will examine alternatives to the planned VAT increase for 2025, there are no guarantees...
The African National Congress (ANC) has secured majority approval in the Standing Committee on Finance to adopt the 2025 budget framework, despite strong opposition from the...
While much of the attention around South Africa’s 2025 budget has focused on headline-grabbing changes like the VAT hike and frozen tax brackets, a series of...
South Africa’s National Treasury has announced a significant adjustment to Eskom’s R70 billion debt relief package, resulting in a R20 billion saving for the government. This...
Finance Minister Enoch Godongwana faces a challenging 2025 Budget, navigating economic pressures from US aid cuts, a rising public sector wage bill, and social grant expansions....
South Africa’s 2025 budget, set to be delivered on March 12, arrives under unprecedented financial pressure. The delay in the budget announcement last month already signaled...