Tax & Spend

Highlights of South African Finance Minister’s Reworked Budget

Over the next three years, 1.03 trillion rand will be allocated to public infrastructure.Photographer: Waldo Swiegers/Bloomberg

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By Monique Vanek

May 21, 2025 at 12:03 PM UTC

Below are the highlights of South Africa’s third iteration of the 2025 budget announced by Finance Minister Enoch Godongwana in Cape Town on Wednesday, after two previous versions were withdrawn because of disagreements within the governing coalition over taxes.

Source: National Treasury