Latest News & Developments
Discover how Deputy President Paul Mashatile's plans to reconfigure the Government of National Unity aim to address South Africa's pressing issues amidst ongoing fiscal disputes.
As policymakers convene to turn these discussions into actionable changes, the prospects of a fairer tax framework stand to benefit millions.
The DA announced that it will be heading court to challenge the budget after the ANC managed to gather support for the budget to be passed in its approval as part of the GNU.
In a chaotic Budget Vote marked by heckling and legal challenges, South Africa's political landscape faces uncertainty as parties clash over fiscal policies that could impact millions.
South Africa's Standing Committee on Finance is set to vote on the fiscal framework, potentially deciding the fate of Finance Minister Godongwana's proposed VAT increase and testing the fragility of the Government of National Unity. Economic experts warn of various potential outcomes and their implications for the country's financial markets and economic stability.
The ANC is in a tight spot as it seeks support for the 2025/26 national budget from BOSA, which has outlined specific conditions for its endorsement. Will these negotiations lead to a breakthrough?
Discover how Tshwane's new debt relief programme offers vital support to residents and businesses facing financial challenges amidst a R30 billion debt crisis.
The Standing Committee on Public Accounts (Scopa) is set to summon municipal councils and provincial MECs following revelations that 10 municipalities failed to submit crucial financial statements to the Auditor-General, threatening accountability in local government.
Gauteng Finance MEC Lebogang Maile presents an ambitious R527. 2 billion budget aimed at transforming the province's economic landscape. With targeted investments in health, education, and development, the plan seeks to attract R800 billion in investments while addressing crucial challenges in South Africa's economic powerhouse.
Gauteng's ambitious R211 billion budget allocation reveals major investments in education and healthcare, with R69. 6 billion and R66 billion respectively earmarked for these crucial sectors. MEC Lebogang Maile's comprehensive financial strategy aims to tackle unemployment, inequality, and service delivery challenges across the province.
Amid budget cuts leading to job losses in education, Finance Minister Enoch Godongwana announces a R19. 1 billion allocation to retain teachers, addressing the challenges of high learner-teacher ratios and ensuring effective education in South Africa.
The Bridge City Youth Development Hub aims to combat crime and social issues through sports and education, with the eThekwini Municipality seeking approval for its implementation
Cosatu welcomes Cabinet's decision to reconsider the 2% VAT hike while emphasising the need for a balanced budget that strengthens public services, stimulates economic growth, and protects the working class. The union federation outlines key priorities ahead of the March 12 Budget presentation.
Nedbank's chief economist Nicky Weimar outlines a pragmatic approach to South Africa's economic challenges, advocating for reduced government spending and diplomatic caution with the US amid global trade tensions. With fiscal reserves depleted and growth stagnating, she warns against quick-fix solutions and emphasises the need for structural reforms
South Africa's narrow tax base poses significant economic challenges, with just 2. 6% of the population contributing over 76% of personal income tax. This analysis explores how integrating SMEs into the formal economy could revolutionise the country's tax system and drive sustainable economic growth.
Energy experts warn that the escalating R100 billion debt owed by municipalities to Eskom poses a significant threat to the power utility and South Africa's economy
In an unprecedented move, South Africa's 2025 Budget Speech has been postponed due to GNU disagreements. While markets react nervously, this delay might signal a positive shift towards more collaborative governance.
Financial experts warn that a potential VAT increase could devastate South African households already struggling with rising living costs and mounting debt. The postponement of the Budget Speech has left the nation anxious about possible tax hikes.
The unexpected postponement of South Africa's national budget until March 12 reveals a fractured coalition government, prompting urgent calls for consensus as the clock ticks down on urgent economic decisions.
In a critical moment for South Africa's economic landscape, former Finance Ministers Nhlanhla Nene and Malusi Gigaba have shed light on the unique political factors that contributed to the postponement of the national budget.
SARS Commissioner Edward Kieswetter raises concerns about proposed tax increases, advocating for better funding and modernisation of the tax system to recover uncollected taxes and support vulnerable households
Finance Minister Enoch Godongwana faces mounting pressure from GNU partners as they debate budget cuts and a controversial VAT increase ahead of the 2025 budget presentation.
National Treasury warns municipalities that failure to comply with Eskom’s debt relief conditions will result in removal from the programme, as R90 billion in arrears continues to burden local governments.
The National Treasury said the regulations for public-private partnerships have been simplified to attract greater private sector participation.
If the National Treasury could have its way, the R350 SRD should be extended at a cost of R35. 2 billion.