Economy / Budget 2025

Budget 2025: Minister Godongwana hikes VAT rate by 0.5 percentage points

Budget 2025: Minister Godongwana hikes VAT rate by 0.5 percentage points in each of the next two years to improve fiscal conditions; gives R6 billion in relief measures to shield the poor from cost-of-living increases

Navigating the 2025 Budget: What It Means for South African Households

The 2025 Budget Speech has sparked discussions around tax policies, economic stability, and the financial well-being of South African citizens. Finance Minister Enoch Godongwana delivered the revised 2025 Budget Speech on 12 March, addressing key fiscal and economic measures.

Budget Speech Reactions - experts weigh in!

Budget 2025: A balancing act between growth, tax hikes and fiscal discipline

All eyes were on Finance Minister Enoch Godongwana today, following last month’s postponed Budget speech, which some GNU members refused to support. The initial 2% proposed VAT hike drew harsh criticism and was rejected by GNU members who demanded more emphasis on growth.