💨 Abstract

The 2025 National Budget Speech, originally scheduled for February 19, has been postponed indefinitely due to disagreements among political parties in the Government of National Unity (GNU) over a proposed 2% VAT increase. The EFF has rejected any VAT increases, stating it would burden the poor. The budget postponement is to reach a consensus on contentious issues, including the reported VAT increase.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖