Godongwana gears up for second attempt at budget speech amid VAT controversy

Finance Minister Enoch Godongwana will take another shot at delivering his Budget Speech on Wednesday, 12 March, following its rejection in February due to a proposed two-percentage-point increase in value-added tax (VAT). The revised budget is expected to address concerns over taxation and government spending. Speaking on VOC Breakfast, economist Ulrich Joubert highlighted that VAT remains the most pressing issue, as South Africans brace for potential tax hikes or austerity […]