EPISODE · Mar 12, 2025 · 17 MIN
Budget breakdown: A compromise, an increase and extension
from The Lead · host News24
It's been a tale of two budgets. On Wednesday, Finance Minister Enoch Godongwana proposed a one-percentage-point value-added tax (VAT) increase over the next two years. The minister promised not to increase personal income tax; however, the tax bracket has not been adjusted for inflation. For News24's business editor, Helena Wasserman, the tax bracket "creep" is a far more concerning trend. "I think that's going to be more painful than VAT," says Wasserman. LISTEN to host Graeme Raubenheimer in conversation with the business editor about Godongwana's proposal. If you're a fan of the show, or have a burning topic you'd like to engage in, drop us your mails and voice notes at [email protected].
What this episode covers
It's been a tale of two budgets. On Wednesday, Finance Minister Enoch Godongwana proposed a one-percentage-point value-added tax (VAT) increase over the next two years. The minister promised not to increase personal income tax; however, the tax bracket has not been adjusted for inflation. For News24's business editor, Helena Wasserman, the tax bracket "creep" is a far more concerning trend. "I think that's going to be more painful than VAT," says Wasserman. LISTEN to host Graeme Raubenheimer in conversation with the business editor about Godongwana's proposal. If you're a fan of the show, or have a burning topic you'd like to engage in, drop us your mails and voice notes at [email protected].
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Budget breakdown: A compromise, an increase and extension
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