Cape Town, May 21, 2025 (AFP) - Third time lucky? South Africa presents revised budget

NAMPA / AFP

2025-05-21

South Africa's finance minister presented Wednesday a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax that threatened to split the coalition government. Africa's most industrialised nation will now look towards hiking fuel prices to cover the budget deficit, minister Enoch Godongwana told parliament. Tax revenue projections had been revised down by 61.9 billion rand ($3.5 billion) due t......

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