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

13 March 2025 | Budget 2025

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.

SARS accepts the Revenue Estimate Set for the 2024/25 Fiscal Year

12 March 2025 | Budget 2025

Mr. Edward Kieswetter, the Commissioner for the South African Revenue Service (SARS), remain confident in accepting the revised revenue estimate presented by Minister of Finance, Enoch Godongwana.

No More Headroom: 2025 Budget Speech is Bad News for Taxpayers

12 March 2025 | Budget 2025

The unexpected postponement of the annual Budget Speech last month sent shockwaves through South Africa, unsettling market sentiment. Now, the reason for the delay has become clear—there is little good news for taxpayers, says Thomas Lobban, Director of Ibex Consulting, a division of Latita Africa.

Budget reaction

12 March 2025 | Budget 2025

"The updated South African National Budget for 2025, tabled on 12 March, tries to balance the need to address the country's fiscal challenges while aiming to stimulate economic growth and improve public services.