Tag: 2025 Budget Speech

0.5% VAT increase? South Africans are not having it

The 2025 Budget Speech was delivered by Minister of Finance Enoch Godongwana, March 12, 2025, at the National Assembly in Cape Town. According to the speech, the budget remains committed to a balanced fiscal strategy, with a projected budget primary surplus of 0.5% of GDP in 2024/25, growing to 0.9% in 2025/26. The budget speech […]

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Opposition parties oppose tax increase ahead of 2025 Budget Speech

With the 2025 Budget Speech approaching, opposition parties have found one thing on which they can agree and that is to see no tax increases for the upcoming financial year. Minister of Finance Enoch Godongwana is set to deliver the 2025 Budget Speech on Wednesday 19 February, the first since the formation of the Government […]

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