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Budget 2025: A Tough Balancing Act for Beleaguered Finance Minister

By Prof. Bonke Dumisa | Published Mar 14, 2025

Life is a game of pragmatic trade-offs; it was thus a realistic compromise by the Minister of Finance and his budget team to agree to raise the VAT by only 0. 5% in the financial year 2025/26 and by another 0. 5% in the following financial year 2026/27, says the writer.