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 abruptly cancels budget speech over dispute in governing coalition
South Africa’s budget announcement by the finance minister has been abruptly canceled and rescheduled for next month over a dispute among parties in the governing coalition.
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 Budget Under Added Scrutiny Given Trump Aid Tensions
South Africa’s finance minister is under pressure to chart an economic course that navigates the hazards unleashed by Donald Trump’s trade war.
South Africa’s Budget delay not a crisis, Ramaphosa says
The unprecedented delay in the presentation of South Africa’s budget shouldn’t be seen as a crisis and wouldn’t derail the country’s 10-party ruling alliance, President Cyril Ramaphosa said.
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.
South Africa Budget Unraveled After a Key Detail Was Kept Secret
South African Finance Minister Enoch Godongwana presented highlights of his upcoming budget to colleagues two weeks ago, but skipped a crucial detail to stop it from leaking — triggering a major fallout in the nation’s coalition government.
South Africa: Budget bust gives governing coalition a second chance
The postponement of South Africa’s national budget vote was as much about keeping the national coalition together as it was about the unity of the African National Congress, with the finance minister now going back to the drawing board.
South African budget postponed over lack of agreement
South Africa's national budget, which was meant to be presented on Wednesday, has been postponed until further notice because of a lack of agreement, the speaker of the National Assembly said on Wednesday.
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’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 ...
Budget 2025 | Treasury aims to give R219.2 billion boost to power a greener future
Treasury reveals plans for a massive R219. 2 billion investment in the green energy sector, promising transformation amid ...
South African rand stable after volatile week
South Africa's rand was stable on Friday after a volatile week in which it weakened over the last-minute postponement of the ...
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Budget Speech clash: The elephant in the room
When Julius Malema, Commander-in-Chief of the Economic Freedom Fighters (EFF), remarked on 'speaking up for the ...
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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 ...
South African rand firms against dollar after US data, tariff plans
South Africa's rand strengthened against a weaker dollar on Thursday, as investors digested U.S. data and President Donald ...