Nic Bothma

2 weeks ago | theherald.co.za | Colleen Goko |Siyanda Mthethwa |Rodrigo Campos |Nic Bothma

The drawn-out budget saga was a painful episode for finance minister Enoch Godongwana and the government of national unity, its first significant attempt at a governing coalition in the country's 30-year history as a multiracial democracy. For investors, the spectacle of President Cyril Ramaphosa's fraught Oval Office encounter with US counterpart Donald Trump was little more than a sideshow.

2 weeks ago | sowetanlive.co.za | Jeanette Chabalala |Koena Mashale |Nic Bothma

Minister of finance Enoch Godongwana delivers the 2025 Budget Speech. The increase in the fuel levy will hit the poor the hardest, making travel to work more expensive and driving up the cost of food. This is according to experts who have warned that the increase will worsen the financial strain that many consumers are already facing. On Wednesday afternoon, finance minister Enoch Godongwana tabled his budget, increasing the fuel levy, which had remained unchanged for three years.

2 weeks ago | sowetanlive.co.za | Thabo Mokone |Nic Bothma

South African Minister of Finance Enoch Godongwana speaks during a press conference ahead of delivering the 2025 Budget Speech at the Imbizo Centre in the Parliamentary precinct in Cape Town, South Africa on May 21, 2025. President Cyril Ramaphosa has agreed to establish a committee between the Presidency and the National Treasury to identify wasteful, inefficient, and underperforming spending programmes.

2 weeks ago | sowetanlive.co.za | Khulekani Magubane |Nic Bothma

Minister of financer Enoch Godongwana. Finance minister Enoch Godongwana stressed that while economic development spending of R289.8bn remained in his budget since the February tabling, the private sector had a vital role to play in catalytic investment. Godongwana tabled a budget on Wednesday for a historic third time in a calendar year. Godongwana said regulations for public-private partnerships (PPP) gazetted last year were on track to take effect next month.

2 weeks ago | sowetanlive.co.za | Khulekani Magubane |Nic Bothma

South African Minister of Finance Enoch Godongwana delivers the 2025 Budget Speech during the National Assembly plenary sitting at the Cape Town International Convention Center (CTICC) in Cape Town, South Africa, May 21, 2025. Consolidated government expenditure in finance minister Enoch Godongwana’s 2025 budget has gone down from R2.60 trillion to R2.58 trillion, with social services largely carrying the short end of the stick in spending reprioritisation.