BUDGET 3.0
CATCH UP — Budget speech: VAT stays at 15%, expansion of zero-rated basket scratched
Finance Minister Enoch Godongwana is set to juggle a R75-billion shortfall in his upcoming budget, proving that when it comes to fiscal gymnastics, he’s got a very wobbly tightrope to walk.
Minister of Finance, Mr Enoch Godongwana delivers the 2025 Budget Speech during the National Assembly plenary at the Cape Town International Convention Centre on 21 May 2025. (Photo: Phando Jikelo/ Parliament of SA)