A worker fills a car’s tank at the CO-OP petrol station in Cairo, Egypt April 2, 2020. 1 minute The Automobile Association (AA) has strongly criticised government’s decision to increase the General Fuel Levy (GFL). Finance Minister Enoch Godongwana announced a 16-cents GFL increase per litre increase for petrol and 15-cents per litre for diesel…
Finance Minister, Enoch Godongwana delivers the 2025 Budget Speech before the National Assembly on March 12, 2025. 2 minutes Chairperson of the Standing Committee on Finance, Joe Maswanganyi, has warned against the promotion of populist agendas by political parties, including opposition to tax policy. Finance Minister Enoch Godongwana announced an increase in the fuel levy…
A petrol station attendant fills up a car. 1 minute Some motorists in Kimberley say they are unhappy with the fuel levy increase announced in the budget and which is expected to be effective from next month. Finance Minister Enoch Godongwana re-tabled the 2025 National Budget after two earlier failed attempts. The Minister says he…
Person holding South African money 2 minutes National Treasury and provincial treasuries have identified over R312-billion in wasteful spending on non-performing programmes since 2013. Government spending is estimated to reach nearly R2.6 trillion in the 2025-26 financial year with social services accounting for more than half of spending. Government says a cut in spending on…
1 minute Mineral and Petroleum Resources Minister Gwede Mantashe officiates over the South African National Petroleum Company (SANPC) launch in Sandton, Johannesburg. LIVE STREAM BELOW:
MultiChoice logo is displayed outside the company’s building in Cape Town, South Africa 1 minute The Competition Commission South Africa has recommended that the Competition Tribunal approve the proposed transaction whereby a French company intends to acquire MultiChoice Group with conditions. French company, Canal+, is a leading international integrated media and broadcasting company. Canal +…
2 minutes Deputy President Paul Mashatile has urged business leaders to double the volume of trade between South Africa and France. The call came at the opening of an investment conference in the French capital. With President Ramaphosa in Washington seeking to repair relations with the Trump administration, the Deputy President’s trip is a chance…
2 minutes The Economic Freedom Fighters (EFF) leader, Julius Malema says Finance Minister, Enoch Godongwana has reneged on extending the zero-VAT rated list. Godongwana delivered the third instalment of this year’s Budget to parliament in Cape Town. The Budget was delayed as the ANC and GNU partner, the DA, were at loggerheads over the proposed…
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…
