Finance Minister Enoch Godongwana was forced to delay the 2025 national budget after the cabinet failed to agree on his proposed measures, particularly a two percentage point increase in VAT. National Assembly speaker Thoko Didiza announced the unprecedented delay, stating that some parties within the government rejected the proposed tax hike.
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Finance Minister Enoch Godongwana was forced on Wednesday to delay delivery of the 2025 national budget until 12 March after the cabinet failed to agree on the measures he had proposed.
“Before we started this session, we were informed by the leader of government business … that while today we have been gathered here to actually have the minister of finance presenting the budget to this august house, that there has not been agreement in terms of parties in the executive to actually find one another in proposals of the budget,” Didiza told parliament.
Budget Delay VAT Increase Cabinet Disagreement South Africa Enoch Godongwana
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Death of Miners in South Africa a Government FailureRights groups are criticizing South Africa's government for failing to prevent what they call a 'massacre' at the Buffelsfontein mine, after security officials cut off food, water, and other essential supplies to miners trapped underground and delayed a rescue operation.
Read more »
South Africa: Government of South Africa Notes the USA Executive OrderPress Release - The government of South Africa has taken note of the latest executive order issued by President Trump. It is of great concern that the foundational premise of this order lacks factual accuracy and fails to recognize South Africa's profound and painful history of colonialism and apartheid.
Read more »
South Africa: Executive Order - Addressing Egregious Actions of The Republic of South AfricaDocument - By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows:
Read more »
South Africa: Elon Musk, Julius Malema Back-and-Forth Escalates Deepening South Africa-U.S. TensionsTrade relations between South Africa and the U.S. may be determined by the outcome of diplomacy
Read more »
Calls for VAT-Free Chicken in South Africa to Combat Food InsecurityRenewed calls are urging the South African government to make certain chicken products VAT-free to address food security concerns and alleviate the burden on low-income households. Proponents argue that this move would provide crucial relief to vulnerable populations suffering from malnutrition and rising food costs.
Read more »
Political Parties Reject Potential VAT Increases in South Africa's BudgetSeveral political parties in South Africa, including the South African Communist Party (SACP) and ActionSA, are voicing strong opposition to potential Value-Added Tax (VAT) increases in the upcoming national budget. They argue that such increases would disproportionately burden the working class and the poor, while failing to address the country's systemic issues of inequality and poverty.
Read more »