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:
Cosatu protests against VAT increase in Cape Town ahead of the tabling of the Budget Speech on March 12, 2025. 1 minute Various organisations, including the Congress of South African Trade Unions (Cosatu), South African Federation of Trade Unions (Saftu), the South African Communist Party (SACP), Treatment Action Campaign (TAC) and Equal Education (EE) are…
2 minutes A Pietermaritzburg-based advocacy group is against an increment of Value Added Tax (VAT). The Pietermaritzburg for Economic Rights and Dignity (PMBEJD) says this will put a further strain on the poor and economically marginalised. The organisation says it would rather see a further increase of the social relief grants and old age grants…
A street money changer counts South African rands. 2 minutes The decision by the United States to cut aid to South Africa is expected to add some expenditure pressures on the national budget. As Finance Minister Enoch Godongwana prepares to deliver the budget in Parliament this afternoon, analysts say government finances may face increased pressure having…
Finance Minister Enoch Godongwana delivering his Budget Speech. 2 minutes Analysts predict that the government’s finances will continue to face significant strain as long as economic growth remains sluggish and debt levels keep climbing. This outlook comes as Finance Minister Enoch Godongwana prepares to deliver the highly anticipated Budget Speech, which was postponed last month…
Canada Minister of Energy and Natural Resources Jonathan Wilkinson 2 minutes Canadian Energy Minister Jonathan Wilkinson told CNN on Tuesday his country will respond shortly to any tariffs from the U.S. while also adding Canada was not looking to escalate or provoke trade tensions between the two countries. The energy minister said Canada was not interested in…
