Finance Minister Enoch Godongwana will take center stage this afternoon as he delivers the highly anticipated 2025 Budget Speech in Parliament, Cape Town. His address will outline South Africa’s economic trajectory for the year ahead, detailing how government resources will be allocated to drive growth, address key challenges, and support vulnerable communities.

The speech follows President Cyril Ramaphosa’s State of the Nation Address, where policy priorities were set. Now, Godongwana must translate these priorities into financial commitments, balancing economic stimulation with the need to maintain essential social safety nets.

Despite a challenging fiscal environment, the budget will aim to promote economic progress while ensuring responsible spending. Key legislative measures, including the Appropriation Bill and the Division of Revenue Bill, will be introduced to determine how national funds are distributed across provinces and municipalities.

For those eager to follow the financial roadmap firsthand, the Budget Speech will be broadcast live on Parliament TV (DStv Channel 408) and streamed across Parliament’s digital platforms. South Africans can tune in via various TV channels and government platforms, including www.SAnews.gov.za, to see how the country’s finances will be managed in 2025.

The Minister will deliver the Budget at 2:00 PM today.