Cabinet approves 2025 budget after heated deliberations

The 2025 budget has been approved after a team led by Deputy President Paul Mashatile, with support from the National Treasury, tabled various options that persuaded the Cabinet to greenlight the new budget. In a statement, Cabinet mandated Finance Minister Enoch Godongwana to select from their discussed options and fund the budget in a manner that considered the fiscal constraints,...

IT’S ON: Cabinet approves 2025 budget after deliberations

thesouthafrican.com - 04/Mar 11:55

Minister of Finance Enoch Godongwana and National Treasury are set to finalise the budget and table it before Parliament next Wednesday.

GNU prepares for revised budget discussions ahead of March 12 presentation

dailynews.co.za - 20/Feb 16:13

Parties in the Government of National Unity (GNU) are preparing to discuss the budget proposal for the 2025/26 financial year in the brief time...

Budget delay: economic growth concerns overshadow GNU discord

dailynews.co.za - 20/Feb 05:01

The unprecedented postponement of the tabling of the Budget Review before Parliament by Finance Minister Enoch Godongwana over disagreements about tax...

Budget postponement sparks political tussle among GNU parties

dailynews.co.za - 22/Feb 15:08

The postponement of the budget has escalated into a political skirmish among parties in the Government of National Unity (GNU).The budget, now set for...

South Africa’s VAT Increase Proposal: Balancing Revenue and Economic Impact

africa.com - 22/Feb 15:54

Finance Minister, Enoch Godongwana, proposed raising the value-added tax (VAT) from 15% to 17% to address a significant budget deficit. This proposal...

DA Opposes Tax Hikes, Calls For Fiscal Responsibility In 2025 Budget

surgezirc.co.za - 25/Feb 14:15

Democratic Alliance (DA) opposes tax hikes likewise calling for political will, rather than increased taxes or additional borrowing, to address South...

Eskom debt relief: municipalities must meet conditions to avoid exclusion

dailynews.co.za - 21/Feb 13:59

Municipalities that fail to meet the requirements of the debt relief scheme for arrears owed to power provider Eskom will be removed from the...

BUDGET 2025: Civil society slams pulled Budget, implores Treasury to ‘put poor first’ in revenue-raising plans

daily maverick - 20/Feb 11:37

Had Finance Minister Enoch Godongwana delivered the 2025 Budget on Wednesday he would have said it aligns with the government’s commitment to drive...

Budget 2025 | 'Jobs, not taxes': DA's campaign against 17% VAT proposal

dailynews.co.za - 21/Feb 17:58

The Democratic Alliance (DA) has launched a petition to oppose the proposed Value Added Tax (VAT) increase, arguing that “South Africa needs more...

Economists Challenge Proposed 2% VAT Hike, Urge Alternatives in SA Budget Debate

iafrica.com - 21/Feb 10:54

South Africa’s Finance Minister, Enoch Godongwana, has drawn criticism for proposing a 2% increase in Value Added Tax (VAT)—from 15% to 17%—as a...

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