Prøve GULL - Gratis
Economic landscape shifts with Finance Minister's third budget plan
The Star
|April 30, 2025
Minister expected to host a media briefing to explain Budget 2025 technical process

FINANCE Minister Enoch Godongwana could be preparing for an unprecedented third budget speech after the reversal of a 0.5 percentage points increase in value-added tax (VAT) last week.
This comes as Godongwana on Wednesday will host a media briefing to explain the technical process that must now be undertaken regarding the 2025 Budget.
This decision follows a court challenge brought forward by the Democratic Alliance and the Economic Freedom Fighters regarding the proposed VAT hike in the 2025 Budget.
The Western Cape High Court ratified an agreement reached out of court on April 27, allowing Godongwana to rescind the increase, which was initially set to take effect on May 1.
Waldo Krugell, an economics professor at the North-West University, said that the Treasury now has to prepare a third budget, the date of which is still to be announced. "In practical terms, we have the Medium Term Budget Policy Statement (MTBPS), so there is no danger of a government shutdown. Though politicians are shouting, they will not play a big role in getting to new numbers," Krugell said.
Denne historien er fra April 30, 2025-utgaven av The Star.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA The Star
The Star
Race to the finish: Our racing driver's last round at Zwartkops
AND just like that it’s about to end.
2 mins
October 23, 2025

The Star
Young Bull Ludwig’s leadership earns praise
IT’S been a season of growth and quiet authority for Bulls lock Reinhardt Ludwig, one that now sees the 23-year-old emerge as a genuine leader within the squad.
1 mins
October 23, 2025

The Star
Land Cruiser FJ prototype brings off-road capability to a more affordable segment
THE all-new Land Cruiser FJ has been revealed, and it's set to make Toyota's iconic 4x4 nameplate more accessible to a wider audience.
2 mins
October 23, 2025
The Star
Dixon earns ‘surprise’ Bok recall
IT’S been a rather eventful 12 months for Springbok loose forward Ben-Jason Dixon - most of it off the field.
2 mins
October 23, 2025
The Star
Celebrating production of 500,000th Polo at SA‘s Kariega Plant
WITH the South African motor manufacturing industry under increasing pressure as a result of the influx of cars from China and India, tariff wars, the change to New Energy Vehicles and steel challenges, to name a few, it’s heartening to see that the Volkswagen plant in Kariega has announced that the 500 000th unit of the Polo has rolled off the assembly line.
1 mins
October 23, 2025
The Star
Murder of engineer linked to Transnet corruption
SLAIN engineer Armand Swarts was killed days after the company he worked for raised questions about a Transnet tender issued to SK Group, a company found to be inflating prices.
2 mins
October 23, 2025
The Star
Frustrated MPs accuse Mchunu of dishonesty
Grilled him on PKTT, SAPS and his alleged connections to Matlala
4 mins
October 23, 2025
The Star
US’ scheme to disrupt Beijing Time exposed
CHINAS national security agency revealed on Sunday that the United States National Security Agency has long plotted cyberattacks against the National Time Service Center, which is responsible for generating and maintaining standard Beijing Time.
2 mins
October 23, 2025
The Star
Mo Salah has to find his own mojo without Trent
ONE plus one makes 11. The proverb, of course, refers to when two individuals or entities work together, they create something greater than the sum of their parts.
2 mins
October 23, 2025

The Star
Beganovic wary of in-form Golden Arrows
TS GALAXY coach Adnan Beganovic says he will be wary of a dangerous Golden Arrows side, even though his team holds an impressive record against the KwaZulu-Natal outfit.
2 mins
October 23, 2025
Listen
Translate
Change font size