Budget 2025: Will Finance Minister Enoch Godongwana Push for VAT Hike?
2025-03-12
IOL
South Africa's economic future hangs in the balance as Finance Minister Enoch Godongwana prepares to deliver his Budget speech 2025, with speculation mounting that a VAT increase will be proposed, despite opposition from political parties and concerns over the country's economic growth, fiscal policy, and tax reform. As the nation grapples with economic challenges, the potential VAT hike has sparked intense debate. The upcoming budget is expected to address these concerns and provide a roadmap for economic recovery, with tax increases and budget allocations under scrutiny.
