💨 Abstract

South Africa's rand weakened after the Budget Speech was suddenly cancelled on Wednesday due to a disagreement between parties within the Government of National Unity over the proposed 2% increase in Value-Added Tax. The Budget Speech, originally scheduled for 14:00, has been rescheduled for an unconfirmed date in March 2025.

Courtesy: www.thesouthafrican.com

Summarized by Einstein Beta 🤖