THE 2025 Budget maintains fiscal consolidation while acknowledging risks. It supports economic growth through increased infrastructure investment and manages spending pressures with a phased VAT rise ...
A revised budget presented on Wednesday by South Africa's finance minister was immediately rejected by major political ...
ONE of the biggest issues with the budget every year is that South Africa is not investing in growth-enhancing initiatives with a significant proportion of the budget going to paying off debt and ...
AGAINST a backdrop of substantial economic risks – including fiscal weakness, external volatility, and pressing social needs, Finance Minister Enoch Godongwana delivered what was clearly a “compromise ...
eNCA on MSN57m
Budget 2025 | The good, the bad and the unexpectedValue-added tax has increase by 0,5 percentage points this year. Another 0,5 next year, will push VAT up to 16 percent by ...
Daily Maverick on MSN4h
SA’s revised Budget 2025 puts coalition government to the test; Angola aims for DRC-M23 peace talksA revised Budget 2025 presented on Wednesday by South Africa’s finance minister was immediately rejected by major political ...
Bizcommunity on MSN4h
South African budget controversy: FMF calls for rejection over tax hikesThe Free Market Foundation (FMF) rejects finance minister Enoch Godongwana’s decision to raise the value-added tax (Vat) by 0.5 percentage points in 2025/26 and a further 0.5 in 2026/27. This increase ...
Bizcommunity on MSN4h
Government allocates R19.1bn for teachers over the medium termThe government has added R19.1bn over the medium term to keep approximately 11,000 teachers in classrooms.Source: Pexels“Our ...
Bizcommunity on MSN4h
Vat hike: Struggling South Africans brace for greater financial strainAs Finance Minister Enoch Godongwana announced a 100-basis-point increase in South Africa’s Value-Added Tax (VAT) over two years, a new study from the UCT Liberty Institute of Strategic Marketing ...
Bizcommunity on MSN4h
No more headroom: 2025 Budget Speech is bad news for taxpayersThe unexpected postponement of the annual Budget Speech last month sent shockwaves through South Africa, unsettling market sentiment. Now, the reason for the delay has become clear—there is little ...
Bizcommunity on MSN4h
Elevated VAT rates set for 2025-27In a bid to increase revenue, the government has proposed a phased increase in the value-added tax (VAT) rate, raising it by half a percentage point in 2025/26 and another half a percentage point in ...
Daily Maverick on MSN5h
After the Bell: Godongwana’s Budget now has 50% more cost-cutting rhetoricAfter weeks of nail-biting suspense, SA finally unveils a Budget that, while promising a new era of cost-cutting and ...
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