Budget 2025 | Mixed reaction to postponement

CAPE TOWN - It's unprecedented!

The budget speech has been postponed due to non-consensus of the country's executive on certain issues.

Reports say the major sticking point was the proposed two-percentage point VAT increase.

READ: President Ramaphosa reassures nation after historic budget postponement

It's a decision that has had impacts on the markets and question marks over the stability of the GNU.

The focus now shifts to 12 March when, as has been announced, Finance Minister Enoch Godongwana will table the budget.

Markets remain on edge as the executive, no doubt, scurry in the boardrooms to find consensus.

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