South Africa's finance minister fails to unveil budget

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 over raising value-added tax, an unprecedented delay that caused the rand and government bonds to fall.
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’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 African rand slides after national budget postponed
South Africa's rand weakened on Wednesday, after the national budget was postponed until further notice due to disagreements within the coalition government. At 1402 GMT, the rand traded at 18.57 against the dollar,
South Africa due to present pivotal budget
Africa's largest economy has faced a burgeoning debt and stagnating economy that threaten to derail the country's coalition government.
Opinion
South Africa’s Budget Fiasco Shows ANC Can’t Go It Alone
President Cyril Ramaphosa keeps ignoring his key coalition partner. That is a surefire way to tank the unity government.
South African rand slides after eleventh-hour national budget delay
South Africa's rand weakened on Wednesday after the national budget was postponed due to disagreements within the coalition government.
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 abruptly cancels budget speech over dispute in governing coalition
The South African government's annual presentation of its budget was abruptly canceled Wednesday and rescheduled for next month over a dispute among parties in the governing coalition. The finance minister's budget speech normally takes place in February.
South African budget postponed as coalition partners disagree
South Africa's national budget was postponed at the last minute on Wednesday because of a disagreement between the political parties in the ruling coalition government. The speaker of the National Assembly,
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,
South Africa abruptly cancels budget speech as governing parties dispute the details
South Africa’s budget announcement by the finance minister has been abruptly canceled and rescheduled for next month over a ...
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SA budget unraveled after a key detail was kept secret
The unprecedented postponement was announced eight hours after the budget documents were distributed to journalists under ...
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From confidence to chaos: the implications of South Africa’s unfolding Budget crisis
Budgets and finance and money and our entire economy are about confidence. Now that this has happened, the last remaining ...
Diverging views to tackle tax shortfall create friction in South Africa’s fiscal policy
Kelly Wright, a partner at global advisory firm Bowmans, said there was an issue with the legislation and the administrative process involved.
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Good news for petrol prices in South Africa comes with a big catch
Finance minister Enoch Godongwana leaked Budget Speech shows that he wanted to give drivers some relief. But now the plans ...
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2025 Budget Speech: SACP rejects idea of VAT increase
JOHANNESBURG - The South African Communist Party (SACP) has outright rejected the idea of a value-added tax (VAT) increase in ...