Godongwana's shock VAT hike proposal: How it all went down

News24

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News24 | Godongwana's shock 2% VAT hike: How it all went down

In a day of high drama, Finance Minister Enoch Godongwana's budget was rejected by the Cabinet only hours before it was to be tabled.

The South African

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Budget Speech rescheduled with new date confirmed

Finance Minister Enoch Godongwana’s 2025 Budget Speech was sensationally cancelled at the last minute on Wednesday afternoon.

IOL

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BREAKING NEWS: Budget speech postponed, ‘parties’ at loggerheads over 2% VAT increase

Moonstone

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Will a 2% VAT hike fix the Budget – or break consumers? – Moonstone Information Refinery

What a difference two percentage points can make. For the government, it could mean up to an additional R58 billion in revenue in 2025/26 through an increase in the VAT rate, but will the cost for the average person in the street be too high? Some parties in the Government of National Unity certainly seem to think so. Following the shocking announcement that the Budget Speech will be postponed to 12 March, the DA was quick to assert its influenc…

NOW in SA

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The straw that broke the camel’s back: proposed 2% VAT hike stops 2025 Budget Speech - Editors Picks

Cape Town – South Africa’s 2025 Budget Speech, scheduled for 19 February, has been postponed indefinitely in an unprecedented move. The delay follows intense internal disagreements within the Government of National Unity (GNU) over key budget proposals—particularly a controversial 2% increase in Value-Added Tax (VAT). The announcement was made by National Assembly Speaker Thoko Didiza, who confirmed that the executive had failed to reach a conse…

Sunday World

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2025 Budget Speech gets postponed, for the first time since 1994

For the first time since the dawn of democracy in 1994, South Africa’s 2025 Budget Speech has been postponed to March.  This was announced on Wednesday by the Speaker of Parliament’s National Assembly Thoko Didiza.  Finance Minister Enoch Gondongwana was set to deliver the 2025 Budget Speech at 2pm at the Nieuwmeester Parking (The Dome), which is parliament’s temporary sitting chambers. At around 2.20pm, Didiza addressed members of parliament an…