Finance Minister Enoch Godongwana delivered the 2025 National Budget Speech on Wednesday (12 March). The budget addressed several key points, including the country’s current economic status, growth projections, substantial debt servicing costs, proposed increases in VAT and sin taxes, and the continuation of the social relief grant.

South Africa's cabinet was still meeting on the 2025 budget less than one hour before the finance minister was due to present it in parliament on Wednesday, a source from the Democratic Alliance party said,

Finance Minister Enoch Godongwana has tabled the 2025 Budget Speech with R5 billion going to the SANDF and it's work in the DRC.

The Treasury committed R5 billion to the military to fund a peacekeeping mission in eastern Congo, where Rwanda-backed rebels have wreaked havoc. Many South African troops have died in the central African nation, and regional groups haven’t managed to broker a ceasefire so far.

B udget announcements are rarely dramatic events in South Africa. But the statement on March 12th by Enoch Godongwana, the finance minister, could be the most consequential since the end of white rule in 1994.

As South Africa awaits the 2025 Budget, Casey Sprake warns of key issues that could shape the nation’s future.

Budget Speech has sparked outrage, with critics labelling it a reckless move that threatens the financial stability of struggling households. What does this mean for taxpayers?

The South African rand opened weaker early on Wednesday, hours before the finance minister was set to present a revised annual budget in parliament.

Consumers, taxpayers and travelers are the losers in South Africa's new budget. Jennifer Zabasajja explains. (Source: Bloomberg)