💨 Abstract

Finance Minister Enoch Godongwana refuses to resign despite withdrawing the proposed VAT increase due to political backlash. The move aimed to close a budget gap, but was opposed by the Democratic Alliance (DA). The reversal has left a significant budget shortfall, but Godongwana defends the original intent of the VAT increase, arguing it would negatively impact funding for essential programs. He now faces the challenge of presenting a new fiscal framework.

Courtesy: www.thesouthafrican.com