SA needs to plug R75bn budget hole

SA needs to plug R75bn budget hole

Civil-society groups including the Institute for Economic Justice have urged the Treasury to use the contingency reserves instead of raising tax

No VAT hike but SA braces for budget blow

South Africans won’t see a VAT hike this month, but that doesn’t mean their wallets are safe. The country’s new budget, due on 21 May 2025, is expected to come with some painful trade-offs – including a likely spike in fuel prices and so-called sin taxes on items like alcohol and cigarettes, as reported by BusinessTech. Finance Minister Enoch Godongwana is gearing up to table his third attempt at a 2025 budget after his February proposal was scr…