Godongwana’s Budget Delayed as Unity Government Rejects VAT Hike

Finance Minister Enoch Godongwana’s budget presentation was pushed back to 12 March after his proposed two-percentage-point increase in Value-Added Tax (VAT) ran into fierce opposition from the ANC’s government of national unity (GNU) partners. The measure would have brought VAT to 17%—the first increase since 2018—surprising politicians, businesses, labor groups, and economists alike. The postponement…

Inside the budget speech postponement and unpacking the VAT battle

capetownetc.com - 20/Feb 11:00

In an unprecedented move, South Africa’s 2025 budget speech was postponed at the last moment, signalling deep divisions within the Government of...

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

dailynews.co.za - 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...

SHARE YOUR THOUGHTS: Budget Speech delayed – What’s your take?

daily maverick - 19/Feb 15:38

Finance Minister Enoch Godongwana’s much anticipated Budget Speech, originally scheduled for today, has been postponed until 12 March 2025 following...

BUSINESS REFLECTION: After the Bell: What the 2018 VAT hike tells us – and doesn’t – about Budget 2025 postponement

daily maverick - 19/Feb 20:15

The 2025 Budget presentation was postponed amid a VAT increase proposal that sent the Government of National Unity into a tailspin, leaving us to...

LIVE BLOG: Godongwana accuses Cabinet Minister of leaking VAT hike proposal to media

daily maverick - 19/Feb 12:47

In an unprecedented move, Finance Minister Enoch Godongwana's Budget Speech has been delayed. Follow the blog here for updates.

THE BUDGET THAT WASN’T: How the ANC’s GNU partners revolted after hearing of VAT increase at 11th hour

daily maverick - 19/Feb 21:22

The failure to present the country’s Budget has exposed deepening divisions within the fragile Government of National Unity, with the ANC appearing...

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...

How High-Stakes Call Led To Historic Budget Postponement

surgezirc.co.za - 20/Feb 10:25

A high-stakes conference call between President Cyril Ramaphosa and coalition party leaders on Wednesday morning laid bare the deep divisions within...

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...

South Africa Postpones 2025 Budget Speech Amid Government Rift

iafrica.com - 20/Feb 06:09

South Africa’s 2025 Budget Speech, originally slated for 19 February, has been canceled indefinitely due to disagreements among parties in the...

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