South Africa, budget and the delay

South African budget delay over VAT hike shows cracks in coalition
South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition disagreed over raising value-added tax, an unprecedented delay that caused the rand and government bonds to fall.
South Africa Budget Under Added Scrutiny Given Trump Aid Tensions
South Africa’s finance minister is under pressure to chart an economic course that navigates the hazards unleashed by Donald Trump’s trade war.
South Africa’s Budget delay not a crisis, Ramaphosa says
The unprecedented delay in the presentation of South Africa’s budget shouldn’t be seen as a crisis and wouldn’t derail the country’s 10-party ruling alliance, President Cyril Ramaphosa said.
South African rand stable after volatile week
South Africa's rand was stable on Friday after a volatile week in which it weakened over the last-minute postponement of the national budget but then recovered thanks to a softer dollar and buoyant global gold price.
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 due to present pivotal budget
Africa's largest economy has faced a burgeoning debt and stagnating economy that threaten to derail the country's coalition government.
South African rand slides after national budget postponed
South Africa's rand weakened on Wednesday, after the national budget was postponed until further notice due to disagreements within the coalition government. At 1402 GMT, the rand traded at 18.57 against the dollar,
South Africa: Budget bust gives governing coalition a second chance
The postponement of South Africa’s national budget vote was as much about keeping the national coalition together as it was about the unity of the African National Congress, with the finance minister now going back to the drawing board.
FxWirePro:USD/ZAR rises as South African rand weakens on budget delay
USD/ZAR strengthened on Wednesday as the South African rand weakened following the delay of the countrys budget announcement. South Africas national budget was postponed at the last minute on Wednesday due to
South Africa abruptly cancels budget speech over dispute in governing coalition
South Africa’s budget announcement by the finance minister has been abruptly canceled and rescheduled for next month over a ...
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 ...
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 ...
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Finding the money to change South Africa’s trajectory
South Africa’s upcoming national budget will be closely scrutinised, with analysts focusing on, amongst others, the debt-to-GDP ratio, government spending and the risks that could lead to further ...
South African rand firms against dollar after US data, tariff plans
South Africa's rand strengthened against a weaker dollar on Thursday, as investors digested U.S. data and President Donald ...
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Budget Speech clash: The elephant in the room
When Julius Malema, Commander-in-Chief of the Economic Freedom Fighters (EFF), remarked on 'speaking up for the ...
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Good news for petrol prices in South Africa comes with a big catch
Finance minister Enoch Godongwana leaked Budget Speech shows that he wanted to give drivers some relief. But now the plans ...
South African rand partially recoups losses, with focus on G20 meeting
South Africa's rand firmed slightly in early trade on Thursday, recouping some of the previous session's losses as focus ...