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Finance Minister Enoch Godongwana has financially backed President Cyril Ramaphosa’s Sona. (GCIS)

Godongwana financially backs Ramaphosa’s tough talk on crime

Finance Minister Enoch Godongwana has signalled increased spending on peace and security in his budget speech from R268.2 billion in 2025/26 to R291.2 billion in 2028/29. The…

As Botswana’s first vice-president and finance minister (1966-80), Ketumile Masire helped rescue Botswana from the category of the third most impoverished nation in the world. File photo

Tribute to Sir Ketumile Quett Joni Masire, a founder of Botswana, on his centennial birthday

Masire is an unassuming leader who deserves to be remembered as one of the greatest African pioneers of post-colonial history

Finance Minister Enoch Godongwana.

High court suspends VAT hike

The Democratic Alliance launched the application against the finance minister, the South African Revenue Service, the Speaker of the National Assembly and the Chairperson of the…

Finance Minister Enoch Godongwana.

Fractured treasury: Do biases and ideology trump evidence-based reasoning?

The recent drama over the budget spotlights the need to scrutinise our financial institutions, the treasury in particular

Finance Minister Enoch Godongwana did not announce a budget allocation to plug the gap created by the termination of USAid funding to HIV/Aids organisations (Photo by Luke Dray/Getty Images)

No allocations for Pepfar in health budget

The recent termination of USAid to HIV/Aids and TB organisations in South Africa was a bone of contention in the 2025 budget

The government is struggling to balance its books and generate sufficient revenue

Proposed 2% VAT hike indicative of a deep fiscal health crisis

The government is struggling to generate sufficient revenue development and deal with the country’s debt-to-GDP ratio

Finance Minister Enoch Godongwana. Photo: Madelene Cronje

Parties warn Godongwana against tax hikes ahead of budget speech

Last year, the finance minister hinted there would be tax increases in 2025

Over the past decade, the South African Post Office has had significant business problems, including debt to creditors and poor revenue collection.

Mid-term budget: ‘Tough love’ for Post Office, which faces liquidation

The treasury also did not allocate new funds to other struggling state-owned entities such as Denel, Transnet, the Land Bank and the South African National Roads Agency

Former finance minister, Tito Mboweni. (Waldo Swiegers/Bloomberg/Getty Images)

Business leaders remember Mboweni as self-starter, resolute

He leaves a legacy as a champion of labour rights, fiscal and monetary reform and prudent government spending

Formr Minister of Finance Tito Mboweni and President Cyril Ramaphosa after last year’s budget speech. (Photo by Brenton Geach/Gallo Images via Getty Images)

‘We have lost a leader and compatriot’ – Ramaphosa on Tito Mboweni’s death

Ramaphosa extended his condolences to Mboweni’s family and friends, calling the news “a shock”

Former public enterprises minister Pravin Gordhan.

Pravin Gordhan set the benchmark for public service and dedication to the cause

Not everyone liked the late former public enterprises minister, but everyone respected him

Pravin Gordhan.  (Delwyn Verasamy/M&G)

Pravin Gordhan, former public enterprises minister and lifelong political activist, dies

Gordhan passed away after what his family said was a short battle with cancer

Finance Minister Enoch Godongwana

Why Godongwana had no choice but to prioritise energy

The biggest highlight of the budget was the support to aid individuals and businesses to source alternative energy sources

The mining industry suffers when there are problems with electricity supply, infrastructure and transport.

Eskom, Transnet hamper mining sector

The mining industry suffers when there are problems with electricity supply, infrastructure and transport

Finance Minister Enoch Godongwana

Medium-term budget elicits mixed feelings

The medium-term budget policy statement has received criticism and praise from civil society

(Delwyn Verasamy/M&G)

Strike looms at Sars over 0% wage increase

The revenue collector says it is unable to offer its 12 479 staff any salary increase, leading Nehawu and others to announce strike action

An illegal money trader holds out a wad of ZImbabwe dollar notes on January 26, 2022, in the streets of Bulawayo, Zimbabwe. Inflation is on the rise leading to cash shortages.

Zimbabwe’s loan sharks smile as runaway inflation looms again

Well before Zimbabwe’s economy took a hit in the late 1990s, spurring world-record inflation, usury was a part of the daily lives of working-class households in South Africa’s…

Staying put: Finance Minister Enoch Godongwana is under pressure from some political parties to resign over the VAT drama and the national budget. (Dwayne Senior/Bloomberg via Getty Images)

Opposition parties criticise Godongwana over public sector wage bill, state-owned enterprises

The finance minister’s reduction in corporate income tax and allocations to education, health, social development, justice and police have been welcomed

KwaZulu-Natal residents who are unemployed, financially struggling and hungry have lambasted Eskom’s proposed 36.1% tariff hike. (Dean Hutton/Bloomberg/Getty Images)

Budget 2022: Finance minister calls on Eskom to sell assets to solve its debt issues

The finance minister says Eskom’s debt problem may require some ‘fiscal intervention’, but only if certain conditions have been met by the parastatal led by André de Ruyter

Finance Minister Enoch Godongwana. Photo: Madelene Cronje

Effects of recent unrest on the economy set to linger, finance minister tells parliament

‘The unrest presents an untimely and negative effect on SA’s growth prospects,’ said Godongwana, adding that this could last for the next six quarters