South Africa's Minister of Finance, Enoch Godongwana, delivered the 2025 Budget Speech on 12 March 2025. The main tax measure as noted in the Budget tax Guide is an increase in the VAT rate from 15.0% to 15.5% on 1 May 2025, with a further increase to 16.0% on 1 April 2026. Further, the basket of VAT zero-rated food items will be expanded to include specific edible offal, specific meat cuts, unflavored dairy liquid blends, and specific canned vegetables to assist poor households. Other highlighted measures include a 6.75% increase in excise duties on alcoholic beverages, a 6.75% increase in...