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The South African rand slipped on Wednesday following mixed local economic data and as the dollar gained after data showed the U.S. economy contracted in the first quarter. At 1329 GMT, the rand ...

PARLIAMENT - Finance Minister Enoch Godongwana has confirmed the two settlements, reached with the EFF and the DA in the budget court challenge. One is on the proposed 0.5 percentage point VAT ...

At a hastily convened media briefing, Godongwana confirmed that the National Budget would now be tabled for a third time on 21 May 2025. The announcement follows two failed tablings: one blocked by ...

The African National Congress (ANC) says it welcomes the formal withdrawal of the proposed 0.5% point  Value Added Tax increase by the Minister.

JOHANNESBURG - Finance Minister Enoch Godongwana has no plans to resign. EFF leader, Julius Malema, blames Godongwana, and Treasury Director General, Dr Duncan Pieterse, for the budget debacle, and ...