2025 Budget speech – key tax and policy announcements

On 12 March 2025, Finance Minister Enoch Godongwana delivered the much-anticipated 2025 Budget Speech following an unprecedented delay. The speech, originally scheduled for 19 February, was postponed due to disagreements within the Government of National Unity (GNU) regarding proposed tax increases, particularly a potential VAT hike from 15% to 17%. Ultimately, the Treasury opted for […]