The Latest Breaking News from Enoch Godongwana

South Africa hit by record diesel price hikes despite fuel levy cut

South Africans have rushed to buy fuel as the country braces for record price hikes tied to the US-Iran-Israel conflict

The Independent UK · Mar 31

South Africa’s economy is picking up, but hasn’t reached a turning point yet – economist

In presenting the 2026 national budget to South Africa’s parliament on 25 February, finance minister Enoch Godongwana characterised this as the turning point in South Africa’s public finances – heralding improved confidence, increased growth and rising infrastructure investment.

The Conversation · Mar 3

South Africa confirms temporary withdrawal from the G20, as US takes the helm

South Africa has decided to "temporarily withdraw" from the G20, after a request by the United States. Washington takes on the rotating presidency for the year 2026, following on from South Africa in 2025. This comes after more than a year of bilateral tensions which Pretoria hopes to ease by…

Radio France Internationale · Jan 27

South Africa plans to spend more on health and defense after the US cuts aid

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living

The Independent UK · Mar 12, 2025

S.Africa Revised Budget Gets Booed Despite Smaller Tax Hike

South Africa's finance minister unveiled Wednesday a budget with a smaller increase in value-added tax than previously proposed, but it was immediately rejected by a key party in the unity government.

International Business Times · Mar 12, 2025

South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax

South Africa’s finance minister, Enoch Godongwana, cancelled the unveiling of the country’s 2025 budget as it was due to be released. The move is unprecedented in the country’s history.

The Conversation · Feb 21, 2025

South Africa’s civil service should be restructured, but a plan to reward early retirement won’t solve the problem – economist

South Africa’s finance minister, Enoch Godongwana, announced in his October mid-term budget policy statement that cabinet had approved funding for an early retirement programme to reduce the public sector wage bill. R11 billion (about US$627 million) will be allocated over the next two years to pay for the exit costs…

The Conversation · Nov 11, 2024

South Africa Hikes Taxes And Social Spending Before Vote

South Africa plans to hike taxes and increase spending on social grants ahead of a general election in May amid sluggish growth and high debt, the government said on Wednesday.

International Business Times · Feb 21, 2024

South Africa's medium-term budget reflects difficult and contested decisions

The medium-term budget policy statement presented by South Africa’s finance minister, Enoch Godongwana, to parliament on 1 November 2023 is intended to provide a preview of government’s public finance plans over the next three years. It does not actually commit government to anything, either in law or in practice. Nevertheless,…

The Conversation · Nov 1, 2023

Diabetes is South Africa's second biggest killer disease: hiking the sugar tax would help

Death rates in South Africa have declined slightly during the past few years. But the country faces a steady rise in both death and disability caused by increases in non-communicable diseases such as diabetes and cancer.

The Conversation · Oct 30, 2023