Treasury

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 45

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 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

Cosatu Expresses Disappointment with S.A’s Treasury’s Economic Strategies

S.A union, Cosatu says it remains underwhelmed and disappointed by the Treasury’s continued approach to tackling South Africa’s deep-seated economic and governance crises. The union federation was responding to the Medium-Term Budget Policy Statement. Cosatu’s, Matthew Parks, says the fundamental challenges facing the nation are a stagnant economy and a rising unemployment rate of 42.6-percent:

31 October, 2024 42