Point of View with Phemelo Motene

19 Feb Godongwana postpones Budget 2025 amid GNU disagreements

1 HR 15 MIN
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Finance Minister Enoch Godongwana says that a new or revised budget will be tabled on 12 March 2025. This follows the cancellation of the budget speech on Wednesday (19 February) so that further deliberations could take place within the Government of National Unity (GNU). The Minister said that the budget must “strike a balance between the interests of the public, economic growth and financial sustainability”. The cabinet was in agreement that more time was needed to get this balance, the Minister said. Phemelo speaks to various Political Party's and Labour unions to get their reaction on this unprecedented decision.
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