Subscribe & Follow
Trending
Show more
Advertise your job vacancies
What happens next for a contested Budget?
The process of passing South Africa’s Budget has never had a year like this one. The first attempt at a Budget, scheduled for 19 February, didn’t even make it to the National Assembly, after it collapsed in last-minute talks within the Government of National Unity (GNU) Cabinet following opposition to its proposed two percentage point VAT increase.
Source: GCIS.
Finance Minister Enoch Godongwana’s second attempt at tabling a Budget, on 12 March, seemed destined to go ahead more smoothly — before DA leader and GNU minister John Steenhuisen tweeted, moments before the start of the speech: “Good afternoon, South Africa. The DA will not support the budget in its current form”.
That’s potentially a headache for the ANC, since the Budget has to be passed by majority vote and the DA is the ANC’s biggest GNU partner.
Read the full article on Daily Maverick here.
Source: Daily Maverick
Daily Maverick is a unique blend of news, information, analysis and opinion delivered from our newsrooms in Cape Town and Johannesburg, South Africa. There are many ways to describe exactly what we do (and for the price of a cup of coffee we’re capable of talking your ears off about it), but the best way to understand the end result is to experience it. Every part of Daily Maverick is free-to-air and no payment is required, although free registration is required for a small subset of functions and pages.
Daily Maverick is run by an independently owned, private company with no affiliation to any other media group (or political party or religious organisation.) Follow Daily Maverick on Twitter at @dailymaverick.
Go to: https://www.dailymaverick.co.za/Related
R1tn for infrastructure: South Africa's new budget promises growth if maintenance keeps pace 3 hours #Budget2025: Pragmatism or missed opportunity? 13 Mar 2025 #Budget2025: Unlocking mining's full potential could reshape South Africa's economy 13 Mar 2025 No more headroom: 2025 Budget Speech is bad news for taxpayers 12 Mar 2025 #Budget2025: Elevated VAT rates set for 2025-27 12 Mar 2025 Budget Speech: Vat delay disrupted plans, but increase remains likely 12 Mar 2025
