The African Transformation Movement (ATM) has dismissed the 2025 Medium Term Budget Policy Statement delivered by Finance Minister Enoch Godongwana as uninspiring and lacking substance, saying it fails to respond to South Africa’s worsening unemployment, poverty, and inequality. ATM national spokesperson Zama Ntshona said the budget fell short of the decisive action needed to transform… Continue reading ATM Says Godongwana’s Mini Budget Lacks Vision for Economic Transformation
Tag: Finance Minister Enock Godongwana
Godongwana’s Budget Fuels Fiery Political Showdown
Finance Minister Enoch Godongwana on Wednesday delivered a Medium-Term Budget Policy Statement (MTBPS), calling for collective discipline to stabilise public finances while ensuring the protection of South Africa’s most vulnerable citizens. The Minister said that after years of fiscal strain, South Africa’s debt will finally stabilise at 77.9% of GDP this year and begin to… Continue reading Godongwana’s Budget Fuels Fiery Political Showdown
South Africa Moves Toward Fiscal Stability, Says Godongwana
Finance Minister Enoch Godongwana has announced that South Africa’s debt will stabilise for the first time since the 2008 financial crisis, marking what he described as a turning point for the economy. Presenting the Medium-Term Budget Policy Statement (MTBPS) in Parliament, Godongwana said the country is restoring fiscal discipline while focusing on growth, reform, and… Continue reading South Africa Moves Toward Fiscal Stability, Says Godongwana
Defence in Crisis: EFF Warns Ministers’ Absenteeism Threatens South Africa’s Security
The Economic Freedom Fighters (EFF) has raised the alarm over what it calls a “deliberate disregard” for parliamentary oversight by two key Cabinet ministers, warning that their failure to account threatens South Africa’s already fragile defence capability. In a letter sent to National Assembly Speaker Thoko Didiza on Monday, the EFF accused Defence and Military… Continue reading Defence in Crisis: EFF Warns Ministers’ Absenteeism Threatens South Africa’s Security
Niehaus Slams Treasury Over Defence Budget ‘Betrayal’ as Godongwana Sidesteps Presidential Directive
A fierce political row has erupted in Parliament after Economic Freedom Fighters (EFF) MP Carl Niehaus accused Finance Minister Enoch Godongwana of betraying national security and undermining President Cyril Ramaphosa’s pledge to increase Defence spending to 1.5% of South Africa’s GDP. Niehaus, known for his fiery rhetoric and sharp critique of the ruling ANC, submitted… Continue reading Niehaus Slams Treasury Over Defence Budget ‘Betrayal’ as Godongwana Sidesteps Presidential Directive
National Treasury to Withhold July 2025 Funds for 39 Municipalities Owing Water Boards, Pension Funds, Medical Schemes for Employees
The Minister of Finance, Enoch Godongwana, has notified his Cooperative Governance and Traditional Affairs (CoGTA) counterpart, Minister Velenkosini Hlabisa, that his department intends to withhold the July 2025 equitable share allocation from 39 municipalities across the country for violating constitutional provisions in managing their finances. In the letter dated 30 June 2025, obtained by the… Continue reading National Treasury to Withhold July 2025 Funds for 39 Municipalities Owing Water Boards, Pension Funds, Medical Schemes for Employees
Why the EFF Went to Court About the Fuel Levy: A Regressive Tax that Punishes the Poor and Violates Budgetary Processes
On 21 May 2025, South Africa’s Minister of Finance, Enoch Godongwana, announced a 4-cent fuel levy increase as part of the revised 2025/26 Budget, breaking a three-year freeze on such levies. Set to take effect on 4 June 2025, this translates to a 16-cent-per-litre hike on petrol, pushing prices to between R3.85 and R4.01 per… Continue reading Why the EFF Went to Court About the Fuel Levy: A Regressive Tax that Punishes the Poor and Violates Budgetary Processes
EFF Takes Finance Minister Enock Godongwana to Court for Fuel Levy Increase Without Money Bill
The EFF has followed up on its previous threat to challenge the fuel levy increase in court by filing papers with the Western Cape High Court. In the urgent papers, the red party is challenging the announcement by the Minister of Finance, Enock Godongwana, on May 21, that the country’s fuel levy would be increased… Continue reading EFF Takes Finance Minister Enock Godongwana to Court for Fuel Levy Increase Without Money Bill
Godongwana says Future Budget will be Crafted Early to Avoid Crippling Fallout because he ‘Learnt Lessons’
The Minister of Finance, Enoch Godongwana has admitted that they have learnt their hard lessons out of the 2025-2026 budget impasse and in future, budget processes would be started around September every year so that by February the following year, all hurdles have been cleared. Godongwana made this admission while briefing the media today, April… Continue reading Godongwana says Future Budget will be Crafted Early to Avoid Crippling Fallout because he ‘Learnt Lessons’
Herman Mashaba Takes a Jab at DA, says VAT Scrapping Achieved By Parties Outside GNU, Not Any Court Challenge
The leader of ActionSA, Herman Mashaba, took another jab at the DA today, saying the scrapping of the VAT increase was achieved by parties outside the government of national unity (GNU), not by any court action. Mashaba was speaking in Sandton on Thursday, April 24, where parties including the ANC, Inkatha Freedom Party (IFP), BOSA… Continue reading Herman Mashaba Takes a Jab at DA, says VAT Scrapping Achieved By Parties Outside GNU, Not Any Court Challenge