702

@radio702.bsky.social

7 months ago

Cost of National Dialogue revised from R700m to R485m Finance Minister Enoch Godongwana confirmed the still-hefty cost of the National Dialogue.

“There are 13,760 wards in #SouthAfrica, and there will be a talk in every single one.”

- Tara Roos

(The #NationalDialogue will cost #South African taxpayers R485 million, according to a letter from Finance Minister #EnochGodongwana.)

CapeTalk

@capetalk.bsky.social

7 months ago

Cost of National Dialogue revised from R700m to R485m Finance Minister Enoch Godongwana confirmed the still-hefty cost of the National Dialogue.

“There are 13,760 wards in #SouthAfrica, and there will be a talk in every single one.”

- Tara Roos

(The #NationalDialogue will cost #South African taxpayers R485 million, according to a letter from Finance Minister #EnochGodongwana.)

702

@radio702.bsky.social

10 months ago

Fiscal framework, revenue proposals underpinning national budget set to be debated by parties Minister of Finance Enoch Godongwana tabled a new budget in May, after the first budget was nixed before it could be tabled and the second was taken to court after the DA refused to accept an…

It's a big week ahead for Minister of Finance #EnochGodongwana as the fiscal framework and revenue proposals that underpin the national budget face a tough test to meet political muster.

CapeTalk

@capetalk.bsky.social

10 months ago

Fiscal framework, revenue proposals underpinning national budget set to be debated by parties Minister of Finance Enoch Godongwana tabled a new budget in May, after the first budget was nixed before it could be tabled and the second was taken to court after the DA refused to accept an…

It's a big week ahead for Minister of Finance #EnochGodongwana as the fiscal framework and revenue proposals that underpin the national budget face a tough test to meet political muster.

Faizel Patel

@faizelpatel.bsky.social

10 months ago

EFF files urgent interdict to stop proposed fuel levy hike | The Citizen In his budget speech, Finance Minister Enoch Godongwana announced the fuel levy would take effect on 4 June.

EFF files urgent interdict to stop proposed fuel levy hike #EFF #FuelLevy #EnochGodongwana

www.citizen.co.za/news/south-a...

702

@radio702.bsky.social

10 months ago

Godongwana notes several political lessons learned in 2025 budget rollercoaster The Finance Minister Enoch Godobgwana said it has taught him not to anticipate how political parties will respond to a situation and also taught parties about the intricacies of the budget…

Minister of Finance #EnochGodongwana said the 2025 budget rollercoaster has taught him not to anticipate how political parties will respond to a situation and that consultation is vital.

CapeTalk

@capetalk.bsky.social

10 months ago

Godongwana notes several political lessons learned in 2025 budget rollercoaster The Finance Minister Enoch Godobgwana said it has taught him not to anticipate how political parties will respond to a situation and also taught parties about the intricacies of the budget…

Minister of Finance #EnochGodongwana said the 2025 budget rollercoaster has taught him not to anticipate how political parties will respond to a situation and that consultation is vital.

702

@radio702.bsky.social

10 months ago

Godongwana: Not approving entire budget by end of August could ‘close govt’ Godongwana briefed the media in Parliament on Wednesday, shortly before tabling a revised budget without a value-added tax (VAT) increase, after two failed attempts to adopt it.

Minister of Finance #EnochGodongwana said not approving the entire budget by the end of August could cause problems for the government’s ability to spend and perform certain functions.

CapeTalk

@capetalk.bsky.social

10 months ago

Godongwana: Not approving entire budget by end of August could ‘close govt’ Godongwana briefed the media in Parliament on Wednesday, shortly before tabling a revised budget without a value-added tax (VAT) increase, after two failed attempts to adopt it.

Minister of Finance #EnochGodongwana said not approving the entire budget by the end of August could cause problems for the government’s ability to spend and perform certain functions.

Faizel Patel

@faizelpatel.bsky.social

10 months ago

Budget 3.0: Where is Godongwana going to find R75 billion? — Expert weighs in | The Citizen 'South Africa has been maxed out as far as taxes are concerned.'

Budget 3.0: Where is Godongwana going to find R75 billion? — Expert weighs in #Budget #EnochGodongwana #Parliament

www.citizen.co.za/business/bud...

702

@radio702.bsky.social

10 months ago

Budget 3.0: Godongwana's moment of truth Godongwana will have another shot at publicly balancing the books in the National Assembly.

Finance Minister #EnochGodongwana will be under pressure to trim the fat in government when he tables Budget 3.0 on Wednesday.

CapeTalk

@capetalk.bsky.social

10 months ago

Budget 3.0: Godongwana's moment of truth Godongwana will have another shot at publicly balancing the books in the National Assembly.

Finance Minister #EnochGodongwana will be under pressure to trim the fat in government when he tables Budget 3.0 on Wednesday.

702

@radio702.bsky.social

11 months ago

Budget 3.0: Godongwana should prioritise economic growth, says economist This follows two failed budgets that saw political and public outrage over proposals to raise the standard value-added tax (VAT) rate.

A tough week of fiscal juggling awaits the National Treasury as Finance Minister #EnochGodongwana prepares to table Budget 3.0 on Wednesday.

CapeTalk

@capetalk.bsky.social

11 months ago

Budget 3.0: Godongwana should prioritise economic growth, says economist This follows two failed budgets that saw political and public outrage over proposals to raise the standard value-added tax (VAT) rate.

A tough week of fiscal juggling awaits the National Treasury as Finance Minister #EnochGodongwana prepares to table Budget 3.0 on Wednesday.

702

@radio702.bsky.social

11 months ago

Godongwana set to meet with Finance MECs ahead of budget speech Following two failed attempts, Godongwana is due to present his third budget next week Wednesday.

Finance Minister #EnochGodongwana is on Tuesday set to meet with all Finance MECs from the nine provinces to discuss the way forward on the national budget impasse.

CapeTalk

@capetalk.bsky.social

11 months ago

Godongwana set to meet with Finance MECs ahead of budget speech Following two failed attempts, Godongwana is due to present his third budget next week Wednesday.

Finance Minister #EnochGodongwana is on Tuesday set to meet with all Finance MECs from the nine provinces to discuss the way forward on the national budget impasse.

702

@radio702.bsky.social

11 months ago

Godongwana says govt will undertake a bold spending review Government spending is again under the microscope after Treasury proposed to hike the standard value-added tax rate to narrow the fiscal deficit.

Minister of Finance #EnochGodongwana said the government will undertake a bold spending review as political pressure mounts for the executive to account for expensive habits.

CapeTalk

@capetalk.bsky.social

11 months ago

Godongwana says govt will undertake a bold spending review Government spending is again under the microscope after Treasury proposed to hike the standard value-added tax rate to narrow the fiscal deficit.

Minister of Finance #EnochGodongwana said the government will undertake a bold spending review as political pressure mounts for the executive to account for expensive habits.

Faizel Patel

@faizelpatel.bsky.social

11 months ago

WATCH: Suspension of VAT increase 'necessary intervention,' Malema says | The Citizen Malema also called for the resignation of Enoch Godongwana and National Treasury Director-General Duncan Pieterse.

WATCH: Suspension of VAT increase ‘necessary intervention,’ Malema says #EFF #JuliusMalema #VAT #Parliament #EnochGodongwana

www.citizen.co.za/news/south-a...

Faizel Patel

@faizelpatel.bsky.social

11 months ago

Godongwana to table new budget instruments after court halts VAT hike | The Citizen The DA will continue with Part B of its application to have the VAT act declared unconstitutional.

[READ] Godongwana to table new budget 💰instruments after court halts VAT hike #EnochGodongwana #VATHike #Parliament #DA #EFF Read the story here: 👇

www.citizen.co.za/news/south-a...

Faizel Patel

@faizelpatel.bsky.social

11 months ago

DA files supplementary affidavit to block the proposed VAT hike | The Citizen The DA took the decision just hours after it met with ANC leaders.

DA files supplementary affidavit to block the proposed VAT hike #DA #ANC #VATHike #EnochGodongwana #VAT

www.citizen.co.za/news/south-a...

702

@radio702.bsky.social

11 months ago

Godongwana moves swiftly to introduce new bill to cancel VAT hike But it's posing a legal conundrum as to whether it’s enough to nullify the increase in such a short space of time, considering the parliamentary processes that need to be followed.

Finance Minister #EnochGodongwana has moved swiftly to introduce a new bill in Parliament to cancel the #VAT hike, which is due to come into effect in just six days.

CapeTalk

@capetalk.bsky.social

11 months ago

Godongwana moves swiftly to introduce new bill to cancel VAT hike But it's posing a legal conundrum as to whether it’s enough to nullify the increase in such a short space of time, considering the parliamentary processes that need to be followed.

Finance Minister #EnochGodongwana has moved swiftly to introduce a new bill in Parliament to cancel the #VAT hike, which is due to come into effect in just six days.

Faizel Patel

@faizelpatel.bsky.social

11 months ago

EFF calls for resignation of Godongwana amid VAT fiasco | The Citizen Godongwana backtracked on the VAT increase ahead of the planned implementation on May 1.

EFF calls for resignation of Godongwana amid VAT fiasco #VAT #EnochGodongwana #Budget #EFF

www.citizen.co.za/news/south-a...

702

@radio702.bsky.social

11 months ago

Godongwana to reverse decision to hike VAT This was confirmed in an overnight media statement by the National Treasury, which said that VAT would remain at 15%.

Finance Minister #EnochGodongwana has announced he will be reversing the decision to increase #VAT.

CapeTalk

@capetalk.bsky.social

11 months ago

Godongwana to reverse decision to hike VAT This was confirmed in an overnight media statement by the National Treasury, which said that VAT would remain at 15%.

Finance Minister #EnochGodongwana has announced he will be reversing the decision to increase #VAT.

Faizel Patel

@faizelpatel.bsky.social

11 months ago

JUST IN: VAT to remain at 15%, hike reversed, Treasury announces | The Citizen Treasury said Finance Minister Enoch Godongwana will introduce legislation that reverses his decision.

⚠️ VAT hike reversed, Treasury announces #VAT#VatHikeReversed #Treasury #EnochGodongwana Read the story here: 👇

www.citizen.co.za/news/south-a...

702

@radio702.bsky.social

1 year ago

Global headwinds likey to put pressure on SA's economy, says Godongwana While some domestic conditions have shown a slight improvement, there are still concerns that the spillover effect from geopolitical and geo-economic tensions could affect the South African economy.

Finance Minister #EnochGodongwana has warned that global headwinds could continue to pile pressure on #SouthAfrica, affecting what appears to be a more optimistic economic outlook.

CapeTalk

@capetalk.bsky.social

1 year ago

Global headwinds likey to put pressure on SA's economy, says Godongwana While some domestic conditions have shown a slight improvement, there are still concerns that the spillover effect from geopolitical and geo-economic tensions could affect the South African economy.

Finance Minister #EnochGodongwana has warned that global headwinds could continue to pile pressure on #SouthAfrica, affecting what appears to be a more optimistic economic outlook.

702

@radio702.bsky.social

1 year ago

National Treasury warned VAT hike won’t solve budget crisis Tensions over a 2 percentage point increase in VAT put a pause on the February budget, with parties in the Government of National Unity demanding a revision from treasury.

The National Treasury is being warned that a #VAT hike won’t solve the budget crisis as Minister of Finance #EnochGodongwana prepares to detail the country’s fiscal plans for the next three years.