Daily Summary
South African lawmakers have supported additional budget changes, creating uncertainty over the government's fiscal plans and challenging the coalition between the ruling ANC and its partner DA. The proposal includes removing a VAT increase and adjusting income tax brackets, forcing the Treasury to propose alternatives within 30 days. Meanwhile, ongoing negotiations have yet to reach a budget deal, and Finance Minister Enoch Godongwana's response is still awaited.
South Africa's Budget Path Remains Unclear as Lawmakers Back Further Changes
South African lawmakers approved further changes to the national budget, deepening uncertainty around fiscal plans and coalition stability. With the ANC and DA still in negotiations, Finance Minister Enoch Godongwana has yet to respond.