The party has proposed a R512.8bn revenue strategy and refuses to agree to a VAT increase
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The Democratic Alliance now plans to challenge the fiscal framework in court, further raising the tension around its future in the ruling coalition
The agreement came thanks to a lifeline ActionSA threw the ANC
In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances
The recent termination of USAid to HIV/Aids and TB organisations in South Africa was a bone of contention in the 2025 budget
Finance Minister Enoch Godongwana is expected to deliver the budget speech after it was postponed last month due to a lack of consensus among cabinet ministers in the government of national unity.
Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections
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The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week
The treasury needs to focus on strengthening revenue collection, efficient allocation and optimisation
Minister in the Presidency Khumbudzo Ntshavhenini said the postponement was necessary to address funding challenges within a constrained fiscal environment
Tax bracket over-inflation has led to income inequality and less money for essential services
The unprecedented step came after cabinet failed to agree on the tax measures Finance Minister Enoch Godongwana proposed
Last year, the finance minister hinted there would be tax increases in 2025