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Finance minister Enoch Godongwana will deliver the 2025 budget speech today at 2pm, after a month-long delay caused by disagreements over VAT increases.
The speech was meant to happen last month but was postponed when Godongwana suggested raising VAT by 2%. This suggestion caused arguments between parties in the government of national unity.
The minister is expected to talk about changes to income, spending and tax. He might also announce increases to social grants to help poor families.
The last time the government raised VAT was in 2018, when it went up by 1% from 14% to 15%.
Pictured above: Enoch Godongwana.
Image source: @PresidencyZA
