How Godongwana’s obstinacy cancelled the budget

Desperate to find money to fund the state’s ambitious spending plans, finance minister ignored warnings about VAT hike plan

23 February 2025 - 00:00 By THABO MOKONE, CAIPHUS KGOSANA, LIZEKA TANDWA and KGOTHATSO MADISA

Finance minister Enoch Godongwana, desperate to plug the gaping hole in South Africa’s fiscus, ignored warnings from all sides that his plan to hike VAT was doomed to failure. ..

There’s never been a more important time to support independent media.

From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.

For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.

Already subscribed? Sign in below.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.

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

Speech Bubbles

Please read our Comment Policy before commenting.