South African budget vote passes despite opposition from key coalition partner

Who benefits from the budget war? – The Mail & Guardian

As we piece together the fallout from a chaotic week, we have to ask ourselves — who benefits? There is a perverse irony in the answer. The budget war has been fought in the name of the South African people.  The Democratic Alliance’s (DA) original casus belli was the assault on consumers that a substantial VAT increase would have been.  Parties have since been wrangling over what would benefit the country and those living in it. With the govern…

🔒 GNU on shaky ground after parliament passes budget despite DA objection

Key topics: Parliament passes budget despite coalition split. DA opposes VAT hike, threatens legal action. Rand weakens as political uncertainty grows. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here. Support South Africa’s bastion of independent journalism, offering balanced insights on investments, busines…

Key coalition partner votes against South Africa's budget

Lawmakers passed the controversial fiscal framework by 194 to 182 with the ANC relying on support from a small party outside the unity government.

South African budget vote passes despite opposition from key coalition partner

It took weeks of negotiation and tension in South Africa before the national budget was finally approved. It was passed with 194 votes in favour and 182 against. The Democratic Alliance, a key coalition partner, voted against the measure, raising questions about the stability of the unity government formed after the African National Congress lost its parliamentary majority last year.

The rand weakened to more than R19 against the dollar on Friday morning following news of the 'sanctions bill' introduced against South Africa in the US House of Representatives.

Who benefits from the budget war?

As we piece together the fallout from a chaotic week, we have to ask ourselves — who benefits? There is a perverse irony in the answer. The budget war has been fought in the name of the South African people.  The Democratic Alliance’s (DA) original casus belli was the assault on consumers that a substantial VAT increase would have been.  Parties have since been wrangling over what would benefit the country and those living in it. With the govern…