Budget 2024

BOSA in S.A says Budget Delay Shows Chaos in Unity Government

Build One South Africa says the postponement of Finance minister Enoch Godongwana’s budget speech on Wednesday, demonstrated the chaos within the government of national unity. The budget was postponed for the first time since 1994 after cabinet members pushed back against a proposed two-percent value-added-tax hike. BOSA’s spokesperson, Roger Solomons, says the government has put the economy in jeopardy and transparency and clarity are now needed: Meanwhile, the unprecedented […]

20 February, 2025 75

South Africa

S.A’s Presidency Minister Dismisses Budget Clash as ANC-DA Battle

S.A's minister in the Presidency Khumbudzo Ntshavheni has dismissed claims that budget disagreements are a battle between the DA and ANC. She said the decision to postpone the budget to 12 March was made by the cabinet as a whole, not by individual parties and that even ANC ministers had differing views on the proposed VAT increase:

20 February, 2025 56

South Africa

S.A Finance Minister Accuses Cabinet of Leaking VAT Hike Plans

S.A Finance minister Enoch Godongwana has accused some cabinet ministers of leaking plans for a VAT increase to the media. In a media briefing, Godongwana said the government of national unity will work towards an agreement before the budget is presented on 12 March:

20 February, 2025 71

Business / Economics

Economists break down revised tax reforms and national budget

With Finance and Public Enterprises Minister Ipumbu Shiimi having announced in yesterday’s National budget that the government has revised tax reforms that will put N$646 million back in the pockets of taxpayers by exempting all individual taxpayers from paying tax on the first N$100,000 of their income, starting 1 March 2024, we asked Cirrus Capital Economist Robert McGregor for a breakdown of the numbers. Namibia's largest-ever annual budget on Wednesday […]

29 February, 2024 65