Budget's fate hangs in the balance as opposition rejects Godongwana's VAT hike

BizNews.com

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🔒 Budget deadlock: DA pushed GNU toward spending cuts - John Matisonn

Key topics: Godongwana agrees to review government spending to cut waste. ANC faces challenges in securing votes for proposed VAT hikes. Public infrastructure spending set to rise by over R1 trillion in 3 years. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. Support South Africa’s bastion of independent jo…

News24

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Budget's fate hangs in the balance as opposition rejects Godongwana's VAT hike

The stakes have never been higher as Finance Minister Enoch Godongwana's Budget, which proposes a 0.5-percentage-point VAT hike, is now in the hands of Parliament where the ANC no longer has a majority.

IOL

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Budget crisis could trigger new elections as GNU hangs in balance

The Citizen

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Godongwana’s VAT headache: Where will the ANC go for help?

Some political analysts believe the EFF could try to take advantage of tensions between the ANC and DA.

Infrastructure news

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Operation Vulindlela Records Notable Progress

Minister of Finance Enoch Godongwana has highlighted the real progress achieved by implementing structural reforms through Operation Vulindlela, which is a joint initiative between the Treasury and the Presidency. Operation Vulindlela is aimed at stabilising the supply of electricity; creating a competitive and efficient freight logistics system; reducing the cost and improving the quality of digital communication; ensuring a stable, quality sup…

Sunday World

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Godongwana’s growth projection is pie in sky – economists

Economists have slammed Finance Minister Enoch Godongwana’s projection that the domestic economy would this year grow by 1.9% as baseless. Their criticism comes after the GDP grew by a mute 0.6% in 2024 and 0.7% in 2023. They said it would be difficult for the economic growth to leapfrog to 1.9% in such a short space of time. Godongwana, when delivering the 2025 Budget Speech, said the economy would grow by 1.9% and experience an average growth …