Underwhelming Budget, but at least we have one now, analyst says
South Africa's Finance Minister Enoch Godongwana presents Budget 3. 0, addressing a 75 billion deficit amid concerns over increased debt and reduced expenditure. Experts weigh in on the implications for frontline services and economic growth.
South Africa's budget 3. 0: A year of fiscal upheaval and strategic changes
As the months slip into May, the fiscal landscape continues to evolve, presenting both challenges and opportunities for the economy.
BUDGET: SA Canegrowers welcomes no increase in sugar tax
The association said it believes that Treasury should scrap the tax, to help ensure that government drives job creation and economic growth, as per its commitments outlined in the Sugarcane Value Chain Master Plan 2030.
Cosatu critiques Finance Minister's Budget as insufficient for economic growth
Cosatu expresses concerns over Finance Minister Enoch Godongwana's Budget, highlighting the need for more support for low-income earners and a call for a national dialogue on expenditure priorities
Cabinet welcomes Finance Minister Enoch Godongwana's proposed 2025 Budget
Discover how the 2025 National Budget, approved by Cabinet, aims to address fiscal challenges while supporting South African families.
Godongwana shows complete contempt for ordinary people living in SA, Healthy Living Alliance says
“It is deeply disappointing that the minister missed an opportunity to increase HPL to 20% to boost the fiscus and instead chose the option to rather increase VAT, which will hit hard in the pockets of the poorest of the poor. "
VAT hike: struggling South Africans brace for greater financial strain
Many households earning less than R8,000 per month often rely on relationships with neighbours and relatives, borrowing from them to bridge the gap before their next pay.
VAT increase will also effect property purchases
There are a number of VAT-inclusive services associated with the purchase of a home, for which buyers will need to allocate additional budget, which will impact particularly on first-time buyers seeking to gain a foothold on the first rung of the property ladder.
South Africa Wine condemns unfair excise tax decision
Finance Minister Enoch Godongwana said in the 2025 Budget that government will impose more taxation on tobacco and alcohol products in the coming year.