South Africa's cabinet was still meeting on the 2025 budget less than one hour before the finance minister was due to present it in parliament on Wednesday, a source from the Democratic Alliance party said,

Finance Minister Enoch Godongwana delivered the 2025 National Budget Speech on Wednesday (12 March). The budget addressed several key points, including the country’s current economic status, growth projections, substantial debt servicing costs, proposed increases in VAT and sin taxes, and the continuation of the social relief grant.

As South Africa awaits the 2025 Budget, Casey Sprake warns of key issues that could shape the nation’s future.

B udget announcements are rarely dramatic events in South Africa. But the statement on March 12th by Enoch Godongwana, the finance minister, could be the most consequential since the end of white rule in 1994.

The South African rand opened weaker early on Wednesday, hours before the finance minister was set to present a revised annual budget in parliament.

Finance Minister Enoch Godongwana has tabled the 2025 Budget Speech with R5 billion going to the SANDF and it's work in the DRC.

Consumers, taxpayers and travelers are the losers in South Africa's new budget. Jennifer Zabasajja explains. (Source: Bloomberg)

The South African rand fell on Wednesday as disagreements in the ruling coalition persisted despite the finance minister scaling back the size of a contentious tax hike in a revised budget. The budget has been the biggest test so far of South Africa's fractious coalition politics,