With a 0.5 percent VAT increase going into effect this year, and the limited impact of earnings tax brackets not moving, the economic effects will not be felt that badly for many. “The series of ...

The 2025 National Budget Speech did not explicitly reference small and medium-sized enterprises (SMEs), but several structural reforms, including infrastructure investment, tax compliance improvements ...

All eyes were on Finance Minister Enoch Godongwana today, following last month’s postponed Budget speech, which some GNU members refused to support. The initial 2% proposed VAT hike drew harsh ...

There remains a strong commitment to fiscal consolidation, which is crucial. The debt-to-GDP ratio is still peaking this year but is expected to trend lower thereafter. Strong commitment to fiscal ...

Buy Now, Pay Later (BNPL) is emerging as a key player in modern consumer financing, offering an alternative to traditional credit models and reshaping how people access and manage credit. Once ...

After the false start of 19 February, the 2025 Budget was tabled by Finance Minister Enoch Godongwana on 12 March. The main tax policy proposals announced include raising the value-added tax (VAT) ...

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South Africans were eagerly awaiting Finance Minister Enoch Godongwana’s 2025 Budget Speech, hoping for measures to ease financial pressure. However, the budget presents a mixed bag—while it seeks to ...

Facing sustained pressure to increase budgeted expenditure over and above the Medium-Term Budget ceiling by some parties and then even more pressure from the Government of National Unity (GNU) ...

The 2025 Budget Speech has sparked discussions around tax policies, economic stability, and the financial well-being of South African citizens. Finance Minister Enoch Godongwana delivered the revised ...

Budget 2025: Minister Godongwana hikes VAT rate by 0.5 percentage points in each of the next two years to improve fiscal conditions; gives R6 billion in relief measures to shield the poor from cost-of ...