budget speech

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 55

South Africa

In S.A, Minister of Finance will table 2025 budget on 12 March

South Africa's Minister of Finance Enoch Godongwana has confirmed that the 2025 budget will be tabled on 12 March, following additional deliberations within the cabinet. The budget speech was initially set for yesterday, but government decided to delay it to allow further discussions. Godongwana told the media the delay is in line with the Public Finance Management Act, which allows for a postponed presentation in exceptional circumstances:

20 February, 2025 42

South Africa

SA Union Criticizes Government for Neoliberal Policies

The South African Federation of Trade Unions says the government of national unity continues to champion neoliberal economic policies that actively undermine job creation. Saftu’s spokesperson, Newton Masuku, says ahead of Finance minister, Enoch Godongwana’s budget speech today, they are demanding an immediate reversal of austerity measures. Meanwhile, the Public Servants Association says it expects Godongwana to present a budget that prioritises economic growth, job security, and the strengthening […]

19 February, 2025 51

Business / Economics

In S.A, COPE Urges Godongwana to Prioritize Economic Growth in Budget

To South Africa now, where the Congress of the People is calling on Finance minister, Enoch Godongwana, to deliver a budget that prioritises heightened economic growth. COPE’s, Pake Dikgetsi, says they are warning that austerity measures targeting social services, while billions are lost to corruption will push the country further into a crisis Meanwhile, the GOOD Party Secretary-general, Brett Herron, says as things stand, around 18-million South Africans are poor […]

19 February, 2025 42

South Africa

In South Africa, GOOD Party supports basic income grant as priority

The GOOD Party says implementing a basic income grant should be priority number one in Finance minister Enoch Godogwana’s budget speech on Wednesday. Economic research the party conducted nearly two years ago, pointed to the country being able to afford a 999-rand basic income grant if it changed its approach to budgeting. GOOD’s secretary-general, Brett Herron, says South Africa is constitutionally obliged and can no longer afford not to implement […]

18 February, 2025 55

Business / Economics

Morning Biz News – 18 February 2025

Local Market Update The Namibian stock market saw a total of 337,067 shares traded on 17 February 2025, amounting to N$9.32 million across 20 deals. Year-to-date, total trades have reached 8.5 million shares, valued at N$505.68 million. According to the NSX daily report, Financials, Basic Materials, and Consumer Staples led in value, while Exchange-Traded Products contributed N$12.03 million in trades so far this year. Rand Weakens Ahead of Budget Speech […]

18 February, 2025 29