💨 Abstract

On Wednesday, South Africa's Finance Minister Enoch Godongwana's Budget Speech was unexpectedly canceled, causing the rand to weaken. The speech's cancellation was due to a disagreement among parties within the Government of National Unity over proposed budget items, including a possible two-percentage-point increase in Value-Added Tax. The Budget Speech will now be delivered on March 12, 2025.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖