Most political parties reject Godongwana’s budget over 0.5% VAT hike
Minister Enoch Godongwana delivers Budget Speech. 4 minutes The majority of political parties in Parliament have rejected Finance Minister Enoch Godongwana’s 2025/2026 budget, mainly opposing the 0.5% VAT increase over two years. Godongwana has tabled a budget that proposes a hefty tax increase on alcoholic beverages and tobacco-related products. He’s also announced a one percentage…
