Key Takeaways from South Africa's 2025 Budget Announcement
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.
MORE NEWS
February 24, 2026 - 08:03
Japan Maintaining Close Dialogue With U.S. on Forex, Finance Minister SaysFinance Minister Shunichi Suzuki confirmed that Japanese authorities remain in close and constant dialogue with their United States counterparts regarding recent foreign exchange movements. The...
February 23, 2026 - 19:53
Stock market today: Dow drops 800 points as S&P 500, Nasdaq slide on Trump tariff fears, AI 'scare trade'Wall Street opened the week with a sharp sell-off, as investors grappled with renewed fears of a global trade war and a significant pullback in the high-flying technology sector. The Dow Jones...
February 23, 2026 - 02:41
Mastercard Partnerships With Ericsson And Cloudflare Reshape Digital Finance RoleFinancial services giant Mastercard has unveiled two significant partnerships aimed at expanding its influence in digital finance and cybersecurity. The collaborations with telecommunications...
February 22, 2026 - 22:14
Opinion - Efforts to fight online financial scams are missing the markCurrent efforts to protect consumers from online financial fraud are increasingly seen as misdirected. While large technology and social media companies are often the primary targets of regulatory...