BUDGET 3.0
Tax tightrope — what the Budget means for your wallet
Finance Minister Enoch Godongwana’s latest (and hopefully final) Budget speech introduced no major tax hikes. Kicking the can down the road, R20-billion in additional tax measures are set to be served up in the 2026 budget, unless the SA Revenue Service can bring in extra cash. General fuel levies are also set to increase on 4 June 2025.
Sars Commissioner Edward Kieswetter during a press conference at the Medium Term Budget Policy Statement at Cape Town City Hall in November 2022. (Photo Gallo Images/Die Burger/Jaco Marais)