Government of national unity partners are said to have failed to agree on hiking the VAT rate from 15% to 17%
19 February 2025 - 13:46
UPDATED 19 February 2025 - 14:48
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Finance minister Enoch Godongwana leaves after a press conference ahead of his 2025 budget speech in Cape Town on February 19 2025. Picture: REUTERS/ESA ALEXANDER
Parliamentary speaker Thoko Didiza announced on Wednesday afternoon that the budget speech has been “delayed indefinitely”, an unprecedented move in post-Apartheid SA.
The decision came after the government of national unity partners failed to agree on hiking the VAT rate from 15% to 17% as the budget proposed, and cabinet failed to sign it off on Wednesday.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
WATCH: 2025 budget delayed
Government of national unity partners are said to have failed to agree on hiking the VAT rate from 15% to 17%
Parliamentary speaker Thoko Didiza announced on Wednesday afternoon that the budget speech has been “delayed indefinitely”, an unprecedented move in post-Apartheid SA.
The decision came after the government of national unity partners failed to agree on hiking the VAT rate from 15% to 17% as the budget proposed, and cabinet failed to sign it off on Wednesday.
Budget 2025: Treasury compromises on VAT increase — all the latest news
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