Cabinet has welcomed the 2025 National Budget as it seeks to maintain a balance between South Africa's fiscal framework, fund the priorities of the seventh administration while mitigating negative ...

The ANC has defended its stance on maintaining ministerial perks while supporting a VAT increase, arguing that cutting ...

The 0.6% increase in South Africa’s gross domestic product (GDP) in the fourth quarter of 2024 signals a recovery across the ...

The agreement comes as South Africa’s ruling coalition is embroiled in a diplomatic crisis over laws that the US says ...

(Bloomberg) -- South Africa’s cabinet will back a value-added tax increase in exchange for a commitment from the National Treasury to review spending and fast-track economic growth, according to ...

Finance Minister Enoch Gondongwana considered scrapping the SRD grants to avoid a tax hike, but many think the salaries of ...

The cabinet mandated Godongwana to select from those options in a manner that takes into account South Africa’s fiscal ...

The process was marked by tension, as Cabinet members recognized the budget's far-reaching impact on South African families. Earlier proposals, including a 2% VAT increase, were rejected due to ...

The budget stand-off is unprecedented in South Africa, which has been ruled by a grand coalition since July when Ramaphosa’s ...