South Africa's finance minister fails to unveil budget

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'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.
South Africa Budget Unraveled After a Key Detail Was Kept Secret
South African Finance Minister Enoch Godongwana presented highlights of his upcoming budget to colleagues two weeks ago, but skipped a crucial detail to stop it from leaking — triggering a major fallout in the nation’s coalition government.
Budget 2025: Is wealth tax coming for South Africa’s rich?
With Sars and the National Treasury looking at high wealth individuals, there is a possibility that the budget speech will include a wealth tax.
South Africa’s budget postponed for first time after cabinet rift
Officials say pro-business Democratic Alliance and senior figures in African National Congress objected to VAT rise
South Africa Budget Under Added Scrutiny Given Trump Aid Tensions
South Africa’s finance minister is under pressure to chart an economic course that navigates the hazards unleashed by Donald Trump’s trade war.
South Africa abruptly cancels budget speech over dispute in governing coalition
South Africa’s budget announcement by the finance minister has been abruptly canceled and rescheduled for next month over a ...
Former finance ministers call for fiscal funds to be found elsewhere
In a critical moment for South Africa's economic landscape, former Finance Ministers Nhlanhla Nene and Malusi Gigaba have ...
MercoPress3d
South Africa becoming a welfare state, finance minister tells Congress
South Africa’s new Finance Minister Enoch Godongwana has told Congress the country was becoming a welfare state fast and he sought Parliamentarian approval for his first budget. Godongwana’s ...
South African budget delay over VAT hike shows cracks in coalition
South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition disagreed ...
G20 meeting of foreign ministers gets underway in South Africa amid tensions with U.S
JOHANNESBURG — A meeting of foreign ministers from G20 countries will get underway in Johannesburg on Thursday, but U.S. Secretary of State Marco Rubio will not attend amid diplomatic tensions between ...
allAfrica.com on MSN2d
South Africa: Call for Global Solidarity At G20 Foreign Ministers' Meeting
President Cyril Ramaphosa has urged global leaders to embrace inclusivity, cooperation and reform as South Africa steers the ...