South Africa's finance minister fails to unveil budget

South Africa's finance minister fails to unveil budget after tax row
South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government.
Read Finance Minister Enoch Godongwana‘s full Budget Speech here. This is now under review.
Below is the full budget speech delivered by South Africa’s Minister of Finance, Enoch Godongwana. By Minister of Finance, Enoch Godongwana Honourable Speaker, Thoko Didiza Deputy Speaker, Annelie Lotriet Chairperson of the National Council of Provinces,
South Africa’s finance minister wanted to raise VAT: the pros and cons of a tricky tax
The reason for the abrupt cancellation was the failure of the minister to get cabinet approval for the proposal to raise value added tax (VAT) from 15% to 17%. VAT is the second biggest contributor to tax collection after personal income tax, followed by corporate taxes.
Watch live: Follow Finance Minister Enoch Godongwana’s Budget Speech
How will the government tackle the R300b budget shortfall? Will it be a VAT increase or more borrowing? Don’t miss the Budget Speech to find out.
Ramaphosa defends Godongwana: 'No finance minister will just willy-nilly raise taxes'
President Ramaphosa said South Africans must become more economically conscious, aware and knowledgeable, adding that there are some trade-offs the country must embrace.
Finance Minister Enoch Godongwana wants R300 billion more from South African taxpayers
Finance Minister Enoch Godongwana is expected to squeeze billions more out of South African taxpayers to fund the government’s large budget shortfall.
South Africa Budget Unraveled After a Key Detail Was Kept Secret
South African Finance Minister Enoch Godongwana presented highlights of his upcoming budget to colleagues two weeks ago, but skipped a crucial detail to stop it from leaking — triggering a major fallout in the nation’s coalition government.
South Africa postpones budget speech over tax impasse
AFPSouth Africa on Wednesday indefinitely pushed back the coalition government's first national budget speech to parliament in a shock move following internal pressures over tax hikes.The speech to outline the government's fiscal priorities,
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Budget speech: ANC ministers also opposed VAT hike, Godongwana slams DA’s ‘identity crisis’
Godongwana revealed that the VAT increase was previously discussed, suggesting that a minister leaked the information.