South Africa

Minister of Finance, Enoch Godongwana, will this afternoon, return to Parliament to re-table the 2025 Budget Review.

President Cyril Ramaphosa's engagement with United States President Donald Trump is expected to get underway at 5:30pm South African time - starting with a welcome of the visiting President at the Oval Office.

Infrastructure investment remains a key component in driving economic growth and government has maintained its R1 trillion allocation for infrastructure investment over the medium term to support this growth.

Increases to all social grants, barring the Social Relief of Distress (SRD) grant, will not be affected by the re-tabled budget.

Finance Minister Enoch Godongwana has told Parliament that addressing spending pressures to restore “critical frontline services and invest in infrastructure” is key to improving access to services such as health and education.

Global economic developments, including raised tariffs and trade wars, have lowered South Africa’s 2025 economic growth prospects from a predicted 1.9% Gross Domestic Product (GDP) growth in March down to a revised 1.4% in May.

Work is underway to enhance government’s budget process after expenditure reviews identified tens of billions of rands in potential savings from poorly performing or inefficient programmes that can be redirected in future budgets.

Minister of Correctional Services, Dr Pieter Groenewald, says that the country’s Self-Sufficiency and Sustainability Strategic Framework (SSSF) not only creates employment opportunities for offenders in farms, bakeries, gardens, and abattoirs, but also empowers them.

In an ongoing effort to grow the economy, government will continue to implement growth enhancing structural reforms as part of Operation Vulindlela.

For the first time in three years, government has proposed an inflation-linked increase to the general fuel levy.