Minister Enoch Godongwana delivers the budget speech in the National Assembly. 2 minutes National Treasury expects the country’s economy to grow by 1.9% in 2025 and to average 1.8% over the next three years. Finance Minister Enoch Godongwana revealed this while tabling the National Budget in Parliament. The government says it expects a growth recovery…
2 minutes Finance Minister Enoch Godongwana says the country’s debt is now expected to peak and stabilise at 76% of Gross Domestic Product, up from a previous forecast of 75% of GDP in the 2025/26 financial year. Godongwana was delivering the Budget Speech in Cape Town. Spending on interest payments on debt is expected to…
Scene of a bus accident on the R21 northbound near the OR Tambo International Airport in the East Rand, Gauteng on March 11, 2025. 2 minutes The MMC for Roads and Transport in the City of Ekurhuleni Andile Mngwevu says the bus involved in a deadly crash which claimed the lives of 16 people and…
Finance Minister Enoch Godongwana delivering the Budget Speech 2 minutes Finance Minister Enoch Godongwana has reaffirmed government’s determination to ensure sustainable public finances puts South Africa in a stronger position to withstand unforeseen shocks like COVID-19, while creating an environment conducive to higher investment and faster economic growth. The country’s debt remains stubbornly high, the…
Healthcare workers assist patients. 2 minutes Advocacy group, the Progressive Health Forum, says the public healthcare sector is in a serious state of distress. The group is now calling on Treasury to better manage its allocation to the sector. They will be watching closely as Finance Minister Enoch Godongwana delivers his rescheduled Budget Speech on…
FC Barcelona’s Raphinha celebrates scoring their third goal with Lamine Yamal. 3 minutes Raphinha scored twice and Lamine Yamal netted with a stunning strike in a rampant first half as Barcelona dismantled Benfica 3-1 in their Champions League last-16 second leg on Tuesday, advancing to the quarter-finals with a 4-1 aggregate victory. Barca will meet…
Tax-related material on a desk 2 minutes In efforts to broaden government’s strategy to secure additional funding for several frontline functions, Finance Minister Enoch Godongwana on Wednesday increased the value-added tax (VAT) rate by 0.5 percentage points in each of the next two years to 16 percent in 2026/27. In response to the tax increase,…
Finance Minister Enoch Godongwana, February 19, 2025. 2 minutes The Economic Freedom Fighters (EFF) has called on members of parliament to reject and push for amendments to any proposed tax increases expected in today’s budget speech. This appeal comes as Finance Minister Enoch Godongwana prepares to present the 2025/2026 financial year budget on Wednesday afternoon….
2 minutes Government spending is expected to reach R2.4 trillion this year, growing at a rate of 5.6% over the next three years. Additional spending requirements came from an extension to the Social Relief of Distress Grant to March next year, above inflation public service wage increases, frontline services, social grants increase and infrastructure among…
1 minute Finance Minister Enoch Godongwana delivers the Budget Speech after it was postponed last month. LIVE | Budget Speech 2025:
