20-05-2025
Budget 3.0: A Nation Holds Its Breath
CAPE TOWN - Finance Minister Enoch Godongwana steps up once more to the podium at Parliament, set to deliver what has become known as Budget 3.0 - a third attempt at tabling the Fiscal Policy Framework for 2025 after two failed starts and a mounting economic crisis.
This year's budget is more than just numbers, it's a litmus test of South Africa's political stability, fiscal discipline, and social priorities.
Godongwana is under intense pressure following the reversal of a controversial 0.5% VAT hike, which was initially approved by Parliament but swiftly challenged in court by opposition parties, including the DA and the EFF. With that reversal, the Finance Minister now faces a staggering R75 billion hole in the national budget, a gap he must fill without further borrowing or triggering political backlash.
The Stakes Are High
This budget lands at a time when South Africa's unemployment rate has risen to 32.9%, with youth unemployment at crisis levels. The core question: can the Minister present a plan that both curbs spending and fosters growth?
eNCA will deliver rolling, in-depth coverage from dawn to dusk - with our team of anchors, economists, political experts, and reporters breaking down what this budget means for households, businesses, and the future of our economy.
Live from the Studio and the Streets
Our live coverage begins at 6AM, setting the scene on what South Africans can expect. Through the day, we will bring you:
· On-the-ground reactions from protesting unions and opposition parties.
· Expert commentary from economists, tax professionals, and political analysts.
· Behind-the-scenes insights from our team in the Budget Lock-Up Room
· Minister Godongwana's address at 2PM, live and uninterrupted.
As public sector unions call for spending reforms and opposition parties warn of looming austerity, eNCA's Soap Box will also give ordinary citizens a platform to voice what cuts they believe should be made and what services must be protected.
After the Speech: Answers, Analysis, and Accountability
Our coverage doesn't end with the Minister's final word. In-depth interviews will follow, including a sit-down with Godongwana himself, an exclusive with SARS Commissioner Edward Kieswetter, and reaction from key government departments and political leaders.
Expect robust analysis on whether this budget delivers real reform, or whether South Africa is simply papering over deep fiscal cracks.
Join the Conversation
eNCA invites all South Africans to engage, question, and debate as the numbers hit the page and the reality of Budget 2025 sets in. Follow our coverage on-air, online, and across social platforms.
