The Latest Breaking News from Enoch Godongwana

South Africa's finance minister presented Wednesday a third version of the 2025 budget after being forced to backtrack on a proposed increase in value-added tax that threatened to split the coalition government.

Lawmakers in South Africa have laid out plans to shore up the budgets for health and defense but also put up value added tax by 0.5%, a move that will raise the cost of living

The medium-term budget policy statement presented by South Africa’s finance minister, Enoch Godongwana, to parliament on 1 November 2023 is intended to provide a preview of government’s public finance plans over the next three years. It does not actually commit government to anything, either in law or in practice. Nevertheless,…

Death rates in South Africa have declined slightly during the past few years. But the country faces a steady rise in both death and disability caused by increases in non-communicable diseases such as diabetes and cancer.

The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc.

(This May 14 story has been refiled to clarify comments were made at a press briefing, not in a statement, in paragraph 5)

The announcement by the South African finance minister, Enoch Godongwana, of debt relief for the country’s troubled power utility, Eskom, is a step forward. It will fix one problem: Eskom has too much debt. But the plan won’t end power cuts which have worsened in recent years.

U.S. Treasury Secretary Janet Yellen is discussing South Africa’s transition from its heavy reliance on coal to greener energy sources during talks with the country’s finance minister

U.S. Treasury Secretary Janet Yellen said on Saturday she had productive meetings about a proposed price cap on Russian oil with a host of countries on the sidelines of a meeting of the finance chiefs of the Group of 20 major economies.