HILARY JOFFE: Budget that wasn’t was quite a bold plan
Finance minister’s turn-around could have gone down quite well in the market had cabinet backed it, but...
21 February 2025 - 05:00
Finance minister Enoch Godongwana’s attempt this week to put through a two percentage point hike in the VAT rate without ensuring he had the cabinet support needed was remarkable.
But what was more remarkable about this week’s budget-that-wasn’t was that it represented a 180-degree turn in the Treasury’s strategy to stabilise the public debt...
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