Budget to be tabled on March 12

The tabling of the 2025 budget has been moved to March 12 after a disagreement in the government of national unity about a two percentage point VAT increase.

Finance minister Enoch Godongwana announced in a press conference on Wednesday that the postponement was agreed to allow further deliberations on the budget.

“The budget must strike a balance between the interests of the public, economic growth and financial sustainability,” he said.

He conceded the discussions could lead to an amendment of the budget.

TimesLIVE