Finance Minister Enoch Godongwana faces significant challenges with the 2025 budget amid strife within the
The 2025 Budget proposes measures to enhance South Africa’s mining sector, including diesel refunds and
South Africa will raise VAT by 0.5% annually for two years, reaching 16% by 2026/27,
South Africa’s Finance Minister announced potential adjustments to the budget amid talks with political parties
South Africa’s 2025 Budget features a VAT increase to 16% over two years, significant allocations
South Africa’s Finance Minister unveiled a revised budget reducing the planned VAT increase. The new
South Africa plans to invest over 54.5 billion USD in infrastructure over the next three
South Africa’s revised budget proposed by Finance Minister Enoch Godongwana includes a 1% VAT increase,
South Africa intends to increase health and defense budgets amid U.S. aid cuts while raising
South Africa’s National Treasury proposed a 0.5% VAT hike instead of the initially planned 2%.