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South Africa’s cabinet agrees long-delayed budget

Updated Mar 5, 2025, 11:42am EST
South Africa’s Finance Minister Enoch Godongwana was forced to postpone unveiling the budget last month
South Africa’s Finance Minister Enoch Godongwana. Esa Alexander/Reuters
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South Africa’s cabinet agreed a long-delayed budget that had threatened to unravel the ruling coalition.

The country’s finance minister was forced to postpone unveiling the budget last month after the alliance’s second-biggest party rejected a VAT increase that it said would threaten national stability.

The coalition has been tested in recent weeks after the Trump administration suspended US aid and assistance to South Africa over new laws that it says discriminate against white farmers. Washington has also criticized Pretoria for pursuing a genocide case against Israel. As a diplomatic crisis roils the country, the budget delay was “an unwelcome complication,” wrote Foreign Policy.

Chart showing South Africa’s share of sub-Saharan Africa’s total GDP by year.
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