National Budget

South Africa faces R800 billion debt repayment challenge

South Africa’s Finance Minister Enoch Godongwana (Reuters/Shelley Christians) South Africa could face a financial challenge as debt servicing costs are projected to consume up to 30% of the country’s tax revenue by 2030, according to the International Monetary Fund (IMF). The IMF estimates that South Africa may need to spend as much as R800 billion on debt repayments within the next seven years, exposing a growing strain on the country's […]

19 May, 2025 12

Oshiwambo

Minister woimaliwa atukula omutengenekwafaneko woshimaliwa 2025/2026

Minister wemona, Ericah Shafudah, onghela okwa eta poshitaafula omutengenekwa faneko wopashimaliwa wo 2025/2026 osho sha ningilwa meumbo lomutumba wopashiwana. Omutengenekwa faneko wopashimaliwa womudo wo 2025/2026 owa kalelapo oshimaliwa shifike pee N.dollars 106.3 billion. Shafudah pefimbo tayandje olopota yoshimaliwa shomutengenekwafaneko okwati omutengenekwafaneko woneudo owaya pombada nee 4.9 per cent oku shiyelekanifa nomutengenekwafaneko wadileko oo wali wafikama poshimaliwa shee N.dollars 100.1. Ouministry welongo, etungululo, ounghulungu no mifyuululwakalo oo uli komesho moku mona […]

28 March, 2025 41 3

Namibia

Namibia’s 2025/26 budget set at N$106.3 billion

By: Hertha Ekandjo The Minister of Finance, Ericah Shafudah, tabled Namibia’s national budget for the 2025/26 financial year in Parliament this afternoon, outlining a total expenditure of N$106.3 billion. According to Shafudah, the budget comprises N$79.8 billion for operational expenditure, N$12.8 billion for development expenditure—including N$3.2 billion funded through external loans and grants and N$13.7 billion allocated for interest payments. This marks a 4.9% increase from the revised estimates of […]

27 March, 2025 131

2 2

Oshiwambo

Omutengenekwa faneko woshimaliwa sho 2025/26 ota utulwa poshitaafula mongula

Minister wemona neungaungo loshikuvila sho shiwana Ericah Shafudah, mongula metine okwa teelelika aka tule poshitaafula omutengenekwa faneko wopashimaliwa wo 2025/26. Omutengenekwa faneko woshimaliwa oha uyandje efano loshimaliwa osho shili moshike shepangelo, osho shalongifwa, omafaneko okweehela oshoyo eemumbwe dafimana odo danuninwa omutengenekwa faneko wokomudo. Omukanda oo wapitifilwa oikundaneki okudja kouministry onghela owati omutengenekwa faneko ota utulwa poshitaafula oku yandja omuvalu woshimaliwa shonumba osho tashi ka kwafela meemumbwe domayakulo apumbiwa koshiwana fiyo […]

26 March, 2025 31 2 2

South Africa

OUTA Urges SA Finance Minister to Tackle Corruption in Budget Speech

In S.A, the Organisation Undoing Tax Abuse urges Finance minister Enoch Godongwana to prioritise the fight against corruption and financial mismanagement in next week’s revised budget speech. The organisation criticised the government for failing to tackle wasteful spending and poor financial management, which could improve the national budget by 500-billion-rand annually. OUTA CEO Wayne Duvenage expects meaningful changes in the upcoming budget:

6 March, 2025 50

South Africa

In South Africa, SARS Commissioner urges Strengthening Tax Collection, Not Hikes

South African Revenue Service Commissioner, says raising tax revenue should start with strengthening collection capacity, and not hiking taxes. Edward Kieswetter addressed a panel discussion at a G20 Finance Trackside event in Cape Town on Wednesday. Last week, Godongwana was unable to table the national budget, over disagreements within the government of national unity on a proposed two-percent value-added tax hike.

27 February, 2025 53

Business / Economics

S.A Reserve Bank Governor Warns of Inflation Risks

South African Reserve Bank Governor, Lesetja Kganyago, has warned that global trade tensions and a potential value-added tax hike could derail two years of slowing inflation. Last week the national budget speech was postponed, after a last-minute disagreement within the government of national unity, about a proposal to hike value-added tax by two-percent. Speaking to CNBC Africa on the sidelines of a meeting of G20 finance officials in Cape Town, […]

26 February, 2025 72

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 56

Dr. Sam Nujoma

Shifeta Says Budget Couldn’t Support Nujoma’s Mandatory Youth Training Vision

Environment Minister Pohamba Shifeta says the national budget could not support the late Sam Nujoma’s vision of mandatory national youth training. Shifeta, a former deputy youth minister, recalls being among those assigned by Nujoma to help draft the National Youth Policy. Currently, the National Youth Service provides voluntary national service training. One Africa TV NewsOnOne’s Selma Ikela put this report together.

19 February, 2025 52