March 12, 2025 - 10:04
Below are the highlights of South Africa’s 2025 budget announced by Finance Minister Enoch Godongwana in Cape Town on Wednesday. The budget outlines the government's financial strategy aimed at stimulating economic growth and addressing pressing social issues.
One of the central themes of the budget is the commitment to infrastructure development, with significant allocations earmarked for transportation, energy, and water supply projects. This investment is expected to create jobs and enhance service delivery across the nation.
In addition, the budget emphasizes social welfare programs, including increased funding for education and healthcare. The government aims to improve access to quality education and healthcare services, particularly for underprivileged communities.
Tax reforms are also a focal point, with the Finance Minister proposing adjustments to personal income tax brackets to alleviate the financial burden on lower and middle-income earners.
Overall, the 2025 budget reflects the government's dedication to fostering economic resilience while addressing the socio-economic challenges facing South Africa.
