South Africa's finance minister fails to unveil budget

South Africa's finance minister fails to unveil budget after tax row
South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government.
Read Finance Minister Enoch Godongwana‘s full Budget Speech here. This is now under review.
Below is the full budget speech delivered by South Africa’s Minister of Finance, Enoch Godongwana. By Minister of Finance, Enoch Godongwana Honourable Speaker, Thoko Didiza Deputy Speaker, Annelie Lotriet Chairperson of the National Council of Provinces,
Watch live: Follow Finance Minister Enoch Godongwana’s Budget Speech
How will the government tackle the R300b budget shortfall? Will it be a VAT increase or more borrowing? Don’t miss the Budget Speech to find out.
Ramaphosa defends Godongwana: 'No finance minister will just willy-nilly raise taxes'
President Ramaphosa said South Africans must become more economically conscious, aware and knowledgeable, adding that there are some trade-offs the country must embrace.
South Africa's finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.
South Africa postpones budget speech over tax impasse
AFPSouth Africa on Wednesday indefinitely pushed back the coalition government's first national budget speech to parliament in a shock move following internal pressures over tax hikes.The speech to outline the government's fiscal priorities,
BUDGET SPEECH: Finance Minister Enoch Godongwana to hit us with VAT hikes?
News24's Carol Paton says tax increases have been discussed with cabinet by Finance Minister Enoch Godongwana.
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Godongwana revealed that the VAT increase was previously discussed, suggesting that a minister leaked the information.
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Godongwana sets new date for Budget 2025
Finance Minister Enoch Godongwana has set a new date for Budget 2025 after the unprecedented cancellation on Wednesday.
‘There is a problem’: SACP says Finance Minister Enoch Godongwana never consulted alliance partners on Budget
IOL reported on Wednesday that Finance Minister Enoch Godongwana said Cabinet’s future talks about a 2% increase in VAT, a ...