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HOW BUDGET 2025 UNFOLDED
Government planned to spend VAT on civil servant pay hikes, Grade R
In an unprecedented move, Finance Minister Enoch Godongwana's Budget Speech has been delayed. Follow the blog here for updates.
Minister of finance Enoch Godongwana after the budget speech has been “delayed indefinitely”, an unprecedented move in post-Apartheid SA. The decision came after the government of national unity partners failed to agree on hiking the VAT rate from 15% to 17% as the budget proposed, and cabinet failed to sign it off on Wednesday.The new proposed date is the 12th of March (Photo: Phando Jikelo/ Parliament of SA)