South Africa: Budget Postponed for Further Deliberations

allAfrica

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South Africa: Budget Postponed for Further Deliberations

[SAnews.gov.za] Cabinet has postponed the tabling of the 2025 Budget Speech by the Minister of Finance Enoch Godongwana to 12 March 2025.

mg.co.za

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Budget postponed to March in unprecedented move – The Mail & Guardian

Finance Minister Enoch Godongwana was forced on Wednesday to delay delivery of the 2025 national budget until 12 March after the cabinet failed to agree on the measures he had proposed. Announcing the unprecedented decision, National Assembly speaker Thoko Didiza said the lack of consensus may be linked to a two percentage point increase in VAT Godongwana was expected to announce. “Before we started this session, we were informed by the leader o…

Semafor

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South Africa postpones high-stakes budget announcement

The NewsSouth Africa’s national budget announcement has been postponed due to a lack of agreement over a key tax proposal, the speaker of the National Assembly said on Wednesday.The Democratic Alliance, a main coalition partner with the African National Congress (ANC), opposed a proposal to increase value-added tax by 2%.The ANC was forced into a coalition for the first time last year, meaning that the party now requires the support of other par…

SABC News

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Even mature democracies have budget hiccups: President Ramaphosa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

President Cyril Ramaphosa has sought to clarify that there are a number of countries that face budget challenges but are able to fix them over time. His remarks follow the postponement of the Parliamentary Budget sitting due to parties in the Government of National Unity (GNU) failing to agree on how the budget should be constituted. The Budget Policy Statement has now been rescheduled to the 12th of March. Briefing the media after the opening o…

JeuneAfrique.com

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South African Finance Minister Enoch Godongwana was unable to disclose the budget due to a fiscal disagreement within the government coalition, which has never happened since the establishment of the democratic regime in 1994.

CapeTown ETC

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Cabinet's budget deliberations to benefit all, Ramaphosa promises

President Cyril Ramaphosa has assured South Africans that ongoing Cabinet discussions on the Budget will prioritise economic stability and vulnerable citizens. He acknowledged disagreements but emphasised a mature, consensus-driven approach within the Government of National Unity. The 2025 Budget Speech was rescheduled on Wednesday, with Speaker Thoko Didiza citing the need for officials to reassess its details. Ramaphosa stressed the need for …