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cost of living
Budget 3. 0 will go through, we agreed, Mashatile confirms
The national budget now faces a significant R75 billion deficit as a result of the reversal; the minister must close this gap without taking on more debt or stirring up further political turmoil.
State measures in place to cushion poor amid rising living costs — Ramaphosa
Finance Minister Enoch Godongwana, presented his 2025 national budget, without Value-Added-Tax (VAT) but social grants were increased at a rate higher than inflation.
EFF slams 4% fuel levy hike, warns of economic inequality
The proposed increase — the first since the 2021/22 fiscal year — would raise the fuel levy by 16 cents per litre for petrol and 15 cents for diesel, pushing the rate from R3. 85 to R4. 01 per litre.
Budget 3. 0 sparks political divide: Praise from unity government, fierce rejection from opposition
Key takeaways from the Minister Enoch Godongwana’s budget speech included Value-Added Tax (VAT) remaining at 15%.
Political parties urge Godongwana to deliver a pro-poor budget
As Finance Minister Enoch Godongwana prepares to present the national budget, opposition parties demand a focus on jobs and essential services for South Africans
Mantashe steps up as Ramaphosa and Mashatile set to miss budget speech
With President Ramaphosa in the US and Deputy President Mashatile in France, Acting President Mantashe asserts his role in the upcoming budget speech.
Soaring food costs squeeze South Africans
This spike in food costs continues to negatively affect the poor, who are already bearing the brunt of the sluggish economy and instability.
Mbalula rules out VAT hike in new budget, advocates pro-poor economic approach
The ANC backs Finance Minister Godongwana as political tensions rise, calling for a revised fiscal framework that prioritises the needs of the vulnerable.
Godongwana to table budget 3. 0 on May 21 following VAT hike reversal
Amid political pressure and a fractured Government of National Unity, Finance Minister Enoch Godongwana vows to deliver a turbulent National Budget on May 21, calling the process "messy" but constitutionally unstoppable.
Mashatile urges unity for Africa's future at T20 gathering
Mashatile highlights the need for a fair global order to ensure Africa's stability, warning against the dangers of undermining multilateralism during his address at the T20 Africa High-Level Dialogue.
DA to Malema - 'You can’t pin VAT issue on us'
The DA has rubbished the EFF's accusation that it was to blame for the chaos around the Ntional Budget which was halted by the Western Cape High Court.
ANC needs EFF to survive - Malema
EFF leader Julius Malema said the ANC will run to his party for support when a motion of no confidence is tabled against President Cyril Ramaphosa.
'South Africans matter’: ANC's response to DA during budget discussions
Amid escalating tensions, the ANC and DA convene in Johannesburg to address critical budget issues and the future of the Government of National Unity.
Zille claims secret VAT deal with Godongwana - but offers zero proof: ‘Wait and see if I’m lying’
DA federal council chairperson, Helen Zille, called on the finance minister’s legal team to publicly state that they have approached them for out-of-court settlement on VAT.
Just In: Finance Minister Enoch Godongwana scraps VAT hike
Finance Minister Enoch Godogwana is expected to introduce a revised version of the budget without VAT within the next few weeks.
ANC's Fikile Mbalula hints imminent announcement regarding VAT budget decision
Anticipation builds as ANC prepares to unveil a significant decision on the contentious VAT increase, amidst ongoing political negotiations and legal challenges to the 2025 Budget.
EFF’s Omphile Maotwe advocates for 'apartheid tax' to safeguard vulnerable families from VAT hike
Amid rising tensions over fiscal policy, EFF Treasurer-General Omphile Maotwe calls for an 'Apartheid tax' on inherited wealth, arguing it is a fairer solution than the proposed VAT hike that disproportionately affects the poor.
Government continues to pay millions in COVID-19 relief funds to taxi industry
As the South African government allocates millions in COVID-19 relief funds to the taxi industry, BOSA raises concerns about transparency and accountability in the funding process.
ActionSA, ANC to meet this week but budget talks ‘so far so good’ - Beaumont
ActionSA and ANC's agreement to scrap the VAT hike within 30 days highlights a significant step towards alleviating South Africa's budget crisis.
DA leadership to join supporters at VAT hike court hearing on Tuesday
The Democratic Alliance (DA) had previously written a letter to President Cyril Ramaphosa, accepting the VAT increase but only if the ANC scrapped the Expropriation Act.
VAT Crisis| Inflation in South Africa: How households are making ends meet
Discover the inspiring stories of resilience and resourcefulness in the face of economic challenges.
Taxed Twice: Taxpayers bear the brunt as public services falter in South Africa
Citizens are losing trust in the government system because of its inability to deliver for them, leading them to invest more in private services.
DA KZN worried about provincial government being a casualty of GNU's possible demise
Deputy President Paul Mashatile announced the ANC's plan to reconfigure the alliance, aiming to strengthen the GNU.
IFP affirms support for national budget, plans to meet DA for cooperation in GNU
The DA and EFF have approached the court to legally challenge the passing of the 2025 Budget that included a 0. 5% Value-Added-Tax (VAT).
ActionSA to ANC: Scrap VAT hike before any GNU discussions
ActionSA and ANC conclude 'productive' budget meeting, focusing exclusively on scrapping the 0. 5% VAT increase before May 1, with both parties confirming no discussions about reconstituting the Government of National Unity.