WATCH | Budget speech has been postponed

All eyes were set to be on finance minister Enoch Godongwana on Wednesday when he was expected to deliver the budget speech in parliament. But the speech has been postponed to March.

CAPE TOWN, SOUTH AFRICA - OCTOBER 30: Minister of Finance  Enoch Godongwana at the media briefing before  2024 Medium Term Budget Policy Statement on October 30, 2024 in Cape Town, South Africa. The statement outlined government's policy goals and macroeconomic forecasts for the next three years. (Photo by Gallo Images/Brenton Geach)
CAPE TOWN, SOUTH AFRICA - OCTOBER 30: Minister of Finance Enoch Godongwana at the media briefing before 2024 Medium Term Budget Policy Statement on October 30, 2024 in Cape Town, South Africa. The statement outlined government's policy goals and macroeconomic forecasts for the next three years. (Photo by Gallo Images/Brenton Geach) (Brenton Geach)

All eyes were set to be on finance minister Enoch Godongwana on Wednesday when he was expected to deliver the budget speech in parliament. But the speech has been postponed to March.

This would have been his first budget speech under the government of national unity.

Most economists predicted the Treasury would increase some taxes, saying the economy can best be described as facing the perfect storm, with high levels of unemployment and low levels of economic growth.

TimesLIVE


Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Comment icon