The 2023 Budget Speech—What to Expect
South Africans have anxiously awaited the Budget Speech that is set to be delivered today, 22 February 2023, by Finance Minister Enoch Godongwana. The annual Budget Speech is intended to provide a comprehensive overview of the country’s finances, information about its economic standing, distribution of revenue across government spheres, amendments to tax, expenditure across national departments, and overall vision for South Africa’s financial way forward. In his State of the Nation Address, President Ramaphosa emphasized the government’s immediate priorities of resolving the ...