Road construction 2 minutes Over the medium term, government plans to allocate over R1 trillion to infrastructure projects across the country, this is according to Finance Minister Enoch Godongwana. “This budget invests over R1 trillion in critical infrastructure to lift economic growth prospects and improve access to basic services,” he said while iterating the third…
Petrol attendan fills fuel into a vehicle. 2 minutes Finance Minister Enoch Godongwana has proposed a revised National Budget that abandons the VAT hike and introduces new tax proposals generating R18 billion in additional revenue in 2025/26, and R19 billion in 2026/27. While presenting Budget 3.0 on Wednesday, Godongwana told Parliament that he would be…
1 minute The Rand held firm against the US dollar ahead of the budget speech this afternoon, a pivotal day for the South African economy. This is according to Statistics South Africa’s release of the Consumer Price Inflation data for April. Inflation dropped sharply to 2.7% in March, the lowest since June 2020. On Tuesday…
1 minute Finance Minister Enoch Godongwana’s third attempt at tabling the Budget, following a standoff over a VAT hike which National Treasury has since withdrawn. LIVE |
Chalkboard with debt written on it 1 minute South Africa’s debt servicing costs are projected to reach R426.3 billion in the current financial year. According to Finance Minister Enoch Godongwana, this means that 22 cents of every rand collected in revenue will go toward paying off debt. Godongwana made the announcement while presenting the 2025/26…
1 minute Deputy President Paul Mashatile says the government plans to spend R940 billion on infrastructure investments over the next three years. He says South Africa wants to collaborate with France by investing in infrastructure like ports, rail, and power to promote local value-added trade throughout Africa. Mashatile was addressing the SA-France Investment Conference on…
Finance Minister, Enoch Godongwana ahead the tabling Budget at Parliament in Cape Town on March 12, 2025. 4 minutes The Democratic Alliance (DA) says it wants Finance Minister Enoch Godongwana to provide a comprehensive spending plan when tabling the 2025 National Budget for the third time on Wednesday. The revised budget will come after he…
1 minute Food rescue organisation SA Harvest is adopting digital tools and smart logistics to strengthen its efforts to combat food waste and hunger across South Africa. The organisation has expanded its vehicle fleet to reach more underserved areas and improve the efficiency and safety of food distribution, particularly in maintaining cold-chain standards. This move…
3 minutes Unemployed graduates in KwaZulu-Natal are pinning their hopes on the budget speech that Finance Minister Enoch Godongwana will deliver on Wednesday. The country is currently experiencing high unemployment and slow economic growth. According to Stats SA, the unemployment rate decreased by 1.4 percent to 32.1 percent in the third quarter of 2024 compared…
4 minutes Companies importing goods into the United States from China are rushing to convert warehouses into facilities that are exempt from President Donald Trump’s tariffs until they are ready to sell the merchandise. The US has more than 1 700 bonded warehouses, facilities where imported goods can be held without immediate payment of customs…
