Lawmakers in South Africa laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.

Finance Minister Enoch Godongwana announced a substantial R941. 5 billion budget over the medium-term expenditure framework ...

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 ...

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 ...

The National Treasury has allocated R11 billion to facilitate early retirement for 30 000 public servants over two years, ...

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 ...

Finance Minister Enoch Godongwana reveals significant budgetary changes for 2025/26, including early retirement for government employees, adjustments to social grants, and a proposed VAT increase.

Value-added tax has increase by 0,5 percentage points this year. Another 0,5 next year, will push VAT up to 16 percent by ...

A revised Budget 2025 presented on Wednesday by South Africa’s finance minister was immediately rejected by major political ...

The 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 ...

The 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 ...

The government has added R19.1bn over the medium term to keep approximately 11,000 teachers in classrooms.Source: Pexels“Our ...