2025 Budget
latest news & developments
Godongwana keeps medium-term infrastructure spending above R1tn to boost ailing economy
The finance minister said the expenditure would be carried out ‘without compromising the fiscal strategy of sustainable public finances’
Godongwana trims spending, lowers growth forecast
In his third prepared budget for the year, the minister said government debt would still stabilise this year but at 77.4% of GDP, higher than predicted in March
Faster reforms will spur faster growth: Ramaphosa
The president and the national treasury launched phase two of Operation Vulindlela on Wednesday, expanding its focus areas
Employment equity quotas will shred jobs, DA says
The Democratic Alliance is challenging the Employment Equity Amendment Act in court, saying it violates constitutional protections against unfair racial quotas
Budget consultation could stabilise GNU: Godongwana
Godongwana promises fiscal prudence in his new budget but the growth forecast may change
High court suspends VAT hike
The Democratic Alliance launched the application against the finance minister, the South African Revenue Service, the Speaker of the National Assembly and the Chairperson of the…
VAT battle is over but coalition crisis continues
Meetings are due in coming days and weeks to undo the damage after the finance minister caved on the tax increase
VAT to remain at 15% after Godongwana caves
The finance ministry in a midnight announcement said the decision was informed by consultations with political parties
Approval of the fiscal framework was rooted in deception, court hears
Counsel for the EFF told the high court that ActionSA was swindled in an unconstitutional manner to support a VAT hike.
Godongwana tells court VAT increase cannot be interdicted
Amending his proposal at this stage would force more borrowing, the minister warned in papers filed in response to the DA
Amid ongoing talks, bets are on the GNU will remain intact
Tension between the DA and ANC persists but ActionSA may keep them together
ANC conducts flurry of meetings as coalition crisis drags on
The Democratic Alliance’s federal executive has held an urgent meeting to decide how to respond to an invitation to talks by the ANC’s national working committee
Ramaphosa wants the DA to remain in the coalition
But the presidency said on Wednesday the crunch vote on the fiscal framework was a test of the party’s commitment to the GNU
Budget: The prioritisation of telecoms and digital is welcome
But there is concern about the proposed VAT increase and its possible effect this may have on the customers of members of the Association of Comms and Technology
Fractured treasury: Do biases and ideology trump evidence-based reasoning?
The recent drama over the budget spotlights the need to scrutinise our financial institutions, the treasury in particular