South Africa Weighs Budget Changes

South Africa's budget may be tweaked further, finance minister says
South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance minister told Reuters.
South Africa’s 2025 budget: How the 2025 budget will impact consumers?
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South Africa's Finance Minister, Enoch Godongwana, has announced a 0.5% increase in Value Added Tax (VAT) for the current financial year, with an additional 0.5% hike planned for 2026. This measure aims to address urgent revenue needs amidst ongoing political negotiations within the Government of National Unity (GNU).
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South Africa’s 2025 budget is a cautious step toward fiscal stability, with debt peaking at 76.2% of GDP in 2025-26 and a narrowing deficit. For employees, it offers short-term respite but lacks the ambition to transform lives.
South Africa doesn’t have a budget
Business leaders have warned that South Africa cannot get complacent thinking that the tabled budget on Wednesday (12 March) is a done deal, saying that it has not been passed, and great uncertainty lies ahead.
10 takeaways from South Africa’s second try at tabling a budget
Finance Minster Enoch Godongwana Wednesday tabled his budget for the for the 2025/2026 financial year, a month after it was postponed following a fall-out with the ANC’s biggest coalition partner over value-added tax hikes.
South Africa Weighs Budget Changes as Parties Reject Tax Hikes
South African Finance Minister Enoch Godongwana may have to make changes to the national budget after parties that control more than half the seats in parliament rejected his plans to raise taxes.
South Africa Budget: South Africa's VAT hike plan faces strong opposition, budget remains stuck
South Africa’s finance minister proposed scaling back tax increases and curbing spending in a bid to resolve a standoff over the budget in the nation’s fractious governing alliance. Watch this report for more details!
How South Africa’s proposed 16% VAT rate compares to other countries around the world | Budget 2025
Explore how South Africa's proposed 16% VAT rate stacks up against global standards and what it means for consumers.
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