budget 2025latest news & developments
Fomer minister of higher education Nobuhle Nkabane. (@Dr_NohbuleN/X)

DA to support departmental budgets after Nobuhle Nkabane’s axing

The Democratic Alliance had threatened to withhold its vote unless President Cyril Ramaphosa fired the errant higher education minister

The Economic Freedom Fighters (EFF) led the charge against the latest version of the 2025 Budget, dismissing it as an “austerity budget” that offers no meaningful relief to poor and working-class South Africans.

Budget 3.0 tentatively accepted by some political parties

The EFF criticises it as ‘unimaginative’ and not benefiting poorer South Africans, while the DA calls it a step towards ending ‘unchecked government spending’

EFF president Julius Malema. The party has formulated a fiscal framework and revenue proposal document, submitted to the treasury. (X)

EFF pushes its alternative budget, demands reform

The party has proposed a R512.8bn revenue strategy and refuses to agree to a VAT increase

Finance Minister Enoch Godongwana delivers the 2025 Budget. Photo: Jeffrey Abrahams/Gallo Images

Budget scrapes through the National Assembly after DA revolt

The Democratic Alliance now plans to challenge the fiscal framework in court, further raising the tension around its future in the ruling coalition

Finance Minister Enoch Godongwana. (Photo: Mlungisi Louw/Gallo Images)

Budget: Finance committees approve fiscal framework at 11th hour

The agreement came thanks to a lifeline ActionSA threw the ANC

In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances

No bailouts for struggling parastatals such as Eskom, Transnet,  treasury insists

In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances

Finance Minister Enoch Godongwana did not announce a budget allocation to plug the gap created by the termination of USAid funding to HIV/Aids organisations (Photo by Luke Dray/Getty Images)

No allocations for Pepfar in health budget

The recent termination of USAid to HIV/Aids and TB organisations in South Africa was a bone of contention in the 2025 budget

Finance Minister Enoch Godongwana. File Photo
Video

WATCH LIVE: Godongwana delivers Budget Speech

Finance Minister Enoch Godongwana is expected to deliver the budget speech after it was postponed last month due to a lack of consensus among cabinet ministers in the government of national unity.

President Cyril Ramaphosa and DA leader John Steenhuisen. (GCIS)

Budget deadlock threatens governance stability, small parties warn

Members of the government of national unity and opposition parties have raised concerns that the ongoing impasse between the ANC and DA could trigger the need for fresh elections

Finance Minister Enoch Godongwana. Photo: Dwayne Senior/Getty Images

Rising debt, inefficiencies are draining South Africa’s fiscus, finance committees say

The chairs of parliament’s finance committees say the country is on a fiscal cliff and the minister has to make difficult choices in his budget this week

The commission launched a case in 2015 against 28 local and international banks, alleging they colluded to fix the dollar-rand exchange rate.

R60bn shortfall: How the treasury can rethink its economic strategy

The treasury needs to focus on strengthening revenue collection, efficient allocation and optimisation

Minister in the Presidency Khumbudzo Ntshavhenini. (GCIS)

Cabinet invokes Public Finance Management Act to justify historic budget delay

Minister in the Presidency Khumbudzo Ntshavhenini said the postponement was necessary to address funding challenges within a constrained fiscal environment

Tax bracket over-inflation has led to income inequality and less money for essential services. Graphic: John McCann/Mail & Guardian

Tax Bracket Over-inflation: How the treasury is forfeiting R198bn a year

Tax bracket over-inflation has led to income inequality and less money for essential services

Finance minister Enoch Godongwana.(Brenton Geach/Gallo Images via Getty Images)

Budget postponed to March in unprecedented move

The unprecedented step came after cabinet failed to agree on the tax measures Finance Minister Enoch Godongwana proposed

Finance Minister Enoch Godongwana. Photo: Madelene Cronje

Parties warn Godongwana against tax hikes ahead of budget speech

Last year, the finance minister hinted there would be tax increases in 2025