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International Business Times
International Business Times
World

Third Time Lucky? South Africa Presents Revised Budget

South Africa Africa Enoch Godongwana
Finance Minister Enoch Godongwana said South Africa was looking to hike fuel prices to cover a budget deficit (Credit: AFP)

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.

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