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Budget

South African flag in hand
Economists recognise Budget’s balancing act efforts, laud increased Sars funding to boost capacity
13th March 2025 By: Marleny Arnoldi

Economists have widely recognised the efforts of Finance Minister Enoch Godongwana in the Budget tabled on March 12 to balance fiscal sustainability and economic growth. Standard Bank South Africa... 


Tabled Budget still facing some opposition
Tabled Budget still facing some opposition
13th March 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses Finance Minister Enoch Godongwana's tabling of his much-anticipated Budget after the unprecedented postponement on February 19; how the March 12... 


Finance Minister Enoch Godongwana
Budget may be tweaked further, Godongwana says
13th March 2025 By: Reuters

South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance... 


Transnet urged to use Budget Facility for Infrastructure to fund project partnerships
Transnet urged to use Budget Facility for Infrastructure to fund project partnerships
12th March 2025 By: Terence Creamer

While Finance Minister Enoch Godongwana said that additional guarantees will be considered to refinance Transnet’s maturing debt and its capital investment programme, no equity support was... 


Powerlines
New credit guarantee vehicle to derisk grid projects to be launched in 2026
12th March 2025 By: Terence Creamer

A credit guarantee vehicle to mobilise private sector capital by derisking projects will be launched in 2026, Finance Minister Enoch Godongwana announced in his delayed Budget speech. He confirmed... 


wine bottles
Godongwana burdens wine sector with ‘unworkable’ tax regime, industry body says
12th March 2025 By: Marleny Arnoldi

Industry body South Africa Wine has expressed strong condemnation towards Finance Minister Enoch Gogongwana’s decision to implement “excessive” excise tax increases on wine. The organisation says... 


Finance Minister Enoch Godongwana
Lower VAT hikes in delayed Budget not enough to secure full GNU backing
12th March 2025 By: Terence Creamer

Finance Minister Enoch Godongwana tabled his delayed Budget on Wednesday that included lower, yet still controversial, increases to the value-added tax (VAT) rate, as he sought to hold the... 


Enoch godongwana with GNU logo and money
Budget needs to reduce policy, economic uncertainty, Busa says
12th March 2025 By: Darren Parker

After its unexpected postponement owing to disagreements between the partners in the Government of National Unity (GNU) last month, the 2025 Budget needs to reduce the policy and economic... 


BLSA CEO Busisiwe Mavuso
Upcoming Budget speech has to grapple with rapidly changing geopolitical context, Mavuso says
10th March 2025 By: Darren Parker

Rapid changes in global geopolitics mean that this week’s Budget speech will takes place in an entirely different context, Business Leadership South Africa CEO Busisiwe Mavuso said in her weekly... 


Finance Minister Enoch Godongwana
Cabinet agrees on guidelines for reworked Budget ahead of March 12 tabling
4th March 2025 By: Terence Creamer

At a special meeting held on March 3, Cabinet considered a variety of options to fund the 2025/26 Budget, the tabling of which was delayed for the first time ever following disagreements over a... 


Nedbank chief economist Nicky Weimar
A department of govt efficiency would not be a bad idea for South Africa, Weimar suggests
21st February 2025 By: Darren Parker

Following the unprecedented Budget speech debacle that played out on February 19, Nedbank chief economist Nicky Weimar has advocated for creative and ruthless cutting of wasteful government... 


An image of Econometrix chief economist and director Dr Azar Jammine
Budget speech delay indicative of a ‘robust democracy’ – economist
21st February 2025 By: Tasneem Bulbulia

The unprecedented delay in South Africa’s Budget speech this week reflects several positives for the country and, if the country is able to leverage infrastructure spending and tackle structural... 


Cabinet meeting in 2021
Godongwana, Cabinet has much to consider before March 12
21st February 2025 By: Marleny Arnoldi

Accounting firm PKF says one positive aspect to the delay in tabling the Budget speech, to March 12, is that stakeholders will know the budget is approved at Cabinet-level before its tabling.... 


Cabinet faced with trade-offs in new Budget
Cabinet faced with trade-offs in new Budget
21st February 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses what led to Finance Minister Enoch Godongwana being unable to deliver what was meant to have been the first Budget since the formation of the... 


Some good may come from delay in tabling of the Budget – economists
20th February 2025 By: Schalk Burger

Although the delay in the tabling of the 2025 Budget has impacted on policy certainty and the rand, the delay may be worthwhile if the Budget that is delivered on March 12 turns out to be truly... 


woman making clothes
Govt to spend R18.4bn over next three years through various dtic incentive programmes
20th February 2025 By: Darren Parker

NTo enhance productivity, competitiveness and the green economy, government will spend R18.4-billion over the medium term to support businesses through various incentive programmes under the... 


Powerline workers
RFP for multi-line transmission package to be released in Nov – Budget docs
20th February 2025 By: Terence Creamer

Note: This article has been written partly using information from documents provided to the media during the 2025 Budget lock-up prior to the cancellation of the Budget Speech on February 19. The... 


Finance Minister Enoch Godongwana
The Budget trade-offs that will now come into focus ahead of March 12
20th February 2025 By: Terence Creamer

Note: Some of the information in this article has been written on the basis of documents provided to the media during the 2025 Budget lock-up prior to the cancellation of the Budget Speech on... 


A stretch of the Gautrain network
New single structure to be established that will govern State participation in PPPs
20th February 2025 By: Darren Parker

A single structure overseen by the National Treasury will be established during the 2025/26 fiscal year to coordinate State participation in project preparation and planning, public-private... 


A Transnet locomotive
Dept of Transport, Transnet to engage market on private sector participation opportunities soon
20th February 2025 By: Darren Parker

The Department of Transport and State-owned Transnet will, in the next two months, engage the market on private sector participation (PSP) projects in several areas, Finance Minister Enoch... 


Construction activity
Additional R46.7bn funding announced for infrastructure projects
20th February 2025 By: Darren Parker

The 2025 Budget documents show that Finance Minister Enoch Godongwana planned to add an extra R46.7-billion in funding for infrastructure projects over the next three years. In his undelivered... 


The Berg river
Independent economic regulator will ensure fair, sustainable water management, Godongwana says
20th February 2025 By: Darren Parker

Note: This article has been written on the basis of documents provided to the media during the 2025 Budget lock-up prior to the cancellation of the Budget Speech on February 19. The National... 


Transmission lines
Carbon tax electricity price neutrality extended to end 2030
20th February 2025 By: Terence Creamer

As anticipated, the 2025 Budget offered fresh guidance on South Africa’s approach to carbon taxes, including confirmation of government’s decision to extend the commitment to electricity price... 


Flags with the Eskom logo
Govt advanced R4bn less than projected in debt relief to Eskom last year
20th February 2025 By: Darren Parker

By March 31, government will have advanced R140-billion in debt relief to State-owned entity Eskom, Finance Minister Enoch Godongwana revealed in the 2025 Budget Review documents, which were made... 


Finance Minister Enoch Godongwana
Budget postponed to March 12 after GNU Cabinet fails to agree on two-percentage-point VAT hike
19th February 2025 By: Terence Creamer

In an unprecedented development, the speaker of Parliament Thoko Didiza was forced to postpone the 2025 Budget address by Finance Minister Enoch Godongwana on Wednesday. This, after Cabinet failed... 


Speaker Thoko Didiza
South African budget postponed over lack of agreement, Parliament says
19th February 2025 By: Reuters

South Africa's national budget, which was meant to be tabled on Wednesday, has been postponed until further notice because of a lack of agreement, the speaker of the National Assembly said on... 


Standard Bank Group Head of South Africa Macroeconomic Research Dr Elna Moolman
Opinion: Budget 2025 will put to the test government’s commitment to a more sustainable fiscal stance
18th February 2025

In this article, Standard Bank Group Head of South Africa Macroeconomic Research Dr Elna Moolman writes about the backdrop against which the 2025 Budget speech is being delivered and the key areas... 


Shell Downstream South Africa country chairperson Aluwani Museisi
Opinion: The budget must catalyse South Africa’s energy transformation
18th February 2025

In this article, Shell Downstream South Africa country chairperson Aluwani Museisi writes that the 2025 Budget speech must prioritise the long-term resilience of South Africa’s energy... 


spaza shop
Tau announces fund to eliminate foodborne illnesses in township shops
18th February 2025 By: Darren Parker

A fund aimed at addressing challenges linked to foodborne illnesses, particularly in township convenience stores, has been established. This was announced by Trade, Industry and Competition... 


Geordin Hill-Lewis
Cape Town calls for Budget to increase affordable housing funding to cities
18th February 2025 By: Irma Venter

The City of Cape Town says it is “eagerly awaiting” Finance Minister Enoch Godongwana’s announcement that the Budget, set to be delivered on Wednesday, will increase funding for cities to deliver... 


IMF senior resident representative Tidiane Kinda
Economists ponder fiscal consolidation, tax increases ahead of Budget speech  
17th February 2025 By: Tasneem Bulbulia

Ahead of Finance Minister Enoch Godongwana's 2025 Budget speech, a panel of economists deliberated on the potential outcomes of the Budget, including the impact of fiscal consolidation and tax... 


Silhouette of construction workers on construction site at sunset
Nedbank report shows sharpest increase in fixed investment plans since 2021
13th February 2025 By: Darren Parker

The latest ‘Nedbank Capital Expenditure Project Listing’ report, published on February 13, shows the sharpest increase in fixed investment plans since 2021, reflecting a myriad of projects... 


Finance Minister Enoch Godongwana
PwC predicts tax revenue shortfall in upcoming budget
12th February 2025 By: Darren Parker

When Finance Minister Enoch Godongwana delivers his Budget Speech on February 19, it is expected that reported tax revenues will be about R10-billion short of initial forecasts, auditing firm PwC... 


Business Leadership South Africa CEO Busisiwe Mavuso
SoNA was a ‘display of unity’, Mavuso says
10th February 2025 By: Darren Parker

Business Leadership South Africa (BLSA) CEO Busisiwe Mavuso believes Cyril Ramaphosa’s State of the Nation Address (SoNA) on February 6 was “a display of unity by the Government of National Unity... 


President Cyril Ramaphosa
CDE calls on Ramaphosa to show how GNU is enacting much-needed reforms
4th February 2025 By: Darren Parker

The Centre for Development and Enterprise (CDE) has urged President Cyril Ramaphosa to use the upcoming State of the Nation Address (SoNA) on February 6 to show how the Government of National Unity... 


SoNA can reinforce cooperation and reforms to achieve 3% growth – BLSA
3rd February 2025 By: Schalk Burger

President Cyril Ramaphosa can use his State of the Nation Address (SoNA), set to be delivered on February 6, to reinforce the fundamental commitment by different parties to find workable solutions... 


The IMF logo
IMF projects South Africa’s GDP growth will reach 1.5% this year
31st January 2025 By: Darren Parker

The International Monetary Fund (IMF) expects South Africa’s yearly economic growth rate to reach 1.8% by 2030, supported in large part by ongoing electricity and logistics reforms. In the outcome... 


Energy Webinar Speakers
South Africa moving in the right direction in transmission infrastructure rollout, but challenges remain
30th January 2025 By: Tasneem Bulbulia

South Africa’s grid transmission infrastructure is constrained, and it is critical that this be dealt with to support the country’s goal of increasing its energy supply and diversifying its energy... 


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