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Budget speech delayed amid tax dispute in GNU, 'urgent' briefing expected

South Africa postponed its budget speech due to disagreements over proposed tax hikes within the coalition government, marking an unprecedented event since the apartheid era.
The African National Congress relies on the support of other parties, including the Democratic Alliance , which opposed the proposed VAT increase.
Speaker Thoko Didiza described the budget postponement as 'unprecedented,' while DA leader John Steenhuisen claimed it was 'a victory for the people of South Africa.'
Finance Minister Enoch Godongwana mentioned that the government is grappling with ways to finance its plans amid rising inflation and widespread poverty.

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Bloomberg

Highlights of South Africa’s Budget That Stalled on Tax Hike

For the first time since the end of white-minority rule in 1994, South Africa’s annual budget was postponed because of divisions in the governing coalition.

3 days ago·United States

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Deutsche Welle

South Africa postpones budget in 'unprecedented' step

The African National Congress and Democratic Alliance disagree over proposed VAT increases, casting doubt on the ruling coalition's ability to govern.

3 days ago·Bonn, Germany

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Associated Press News

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abc News

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. Parliament Speaker Thoko Didiza

3 days ago·United States

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allAfrica

South Africa: Budget 2025 Postponed Over Govt of National Unity Disagreements

In an unprecedented move, the 2025 Budget Speech for South Africa was rescheduled for March 12, after initially being postponed due to disagreements within the Government of National Unity (GNU). Several parties within the GNU disagreed with the budget proposals.

3 days ago·South Africa

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