South Africa’s Finance Minister Inock Godongwana presented the 2025/2026 budget to Parliament on Wednesday. The budget was scheduled to be presented in February but was delayed due to disagreements in the cabinet over a 2% increase in value added tax (VAT). Finance Minister’s reaction to SRD grant Before the budget speech, the Finance Minister said that he had proposed to increase VAT because of the SRD (Social Relief of Distress) grant. This grant was introduced during the Covid-19 pandemic and … Continue reading Finance Budget 2025: SRD grant extended to 2026 and SASSA grant increased