Finance Minister Enoch Godongwana is set to deliver the 2026 National Budget Speech on Wednesday, with government expected to outline fiscal plans aimed at supporting economic recovery and development. Enoch will present the budget at 14h00 at the Nieuwmeester Dome in Cape Town under the Parliament of South Africa. The budget speech comes after the State of […]
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Finance Minister Enoch Godongwana has promised that the 2026 Budget Speech will be delivered without any hiccups next month. “There would not be a repeat of last year’s fiasco, which saw the budget speech postponed for the first time in South Africa’s democratic history,” he said. The delay last year was due to members of […]
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Relief for Millions: SASSA SRD Grant Extended to 2027 Nine million South Africans relying on the R370 SASSA SRD grant can breathe a sigh of relief. Finance Minister Enoch Godongwana announced during his Medium-Term Budget Policy Statement (MTBPS) in Cape Town on Wednesday that the popular social grant will continue for another 14 months, until […]
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The South African government has announced a plan to save R6.7 billion by shutting down or scaling back underperforming and low-priority programmes as part of a broader push for fiscal discipline and accountability. The initiative, known as the Targeted and Responsible Savings (TARS) programme is designed to Find overlaps, cut waste, and restructure programmes to […]
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South Africans across the country can now breathe a sigh of relief as Minister of Finance Enoch Godongwana has announced his decision to reverse the proposed 0.5% VAT increase, which was set to come into effect as of next week. The announcement came after the minister received lots of pressure from opposition parties like the […]
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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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Finance Minister Enoch Godongwana appeared frustrated with SARS Commissioner Edward Kieswetter’s remarks opposing tax hikes, which suggested that South Africa should focus on collecting uncollected taxes rather than increasing tax rates. During a briefing on the postponed Budget Speech on Wednesday, Enoch gave an unclear response when questioned about Edward’s stance. However, microphones later captured […]
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