Important takeaways from Budget 3.0

Finance Minister Enoch Godongwana delivered the third reiteration of the 2025 National Budget Speech on Wednesday (21 May). The budget revised several key points, including the country’s economic status, growth projections, substantial debt servicing costs, the withdrawal of the contentious VAT increases, and the continuation of the social relief grant. However, to balance the withdrawal of the VAT hike, Godongwana noted that fuel taxes would be adjusted for inflation. Phemelo gets reaction from IFP leader Velenkosini Hlabisa, DA spokesperson Karabo Khakhau, Senior Researcher at Equal Education, Sam Beynon and Champions Strategic Lead at Grow Great, Dr Thato Mosidi.