Live updates and the latest news as Trump hosts South Africa's president and the House Rules Committee meets on the Republicans' budget bill.

South Africa's finance minister says the country doesn’t have the funds to cover the over $430 million shortfall caused by the Trump administration’s cuts in foreign aid. Finance Minister

South Africa's National Treasury said on Wednesday that this fiscal year's budget deficit would be wider and public debt higher after it was forced to backtrack on a proposed increase in value-added tax (VAT).

“Version three of the 2025 budget is more sensible and depicts a stark picture of South Africa’s finances,” said Jee-A van der Linde, senior economist at Oxford Economics. “Markets will welcome the Treasury’s commitment to fiscal consolidation.”

As the months slip into May, the fiscal landscape continues to evolve, presenting both challenges and opportunities for the economy.

Mtambo CAPE TOWN (Reuters) -South Africa made only minor adjustments to its spending plans and deficit projections in a third budget presented on Wednesday that was overshadowed by a meeting between its president and U.

In his Budget Speech delivered in Parliament, Finance Minister Enoch Godongwana emphasized the government’s vision to move from mere relief to empowerment.

Finance Minister Enoch Godongwana responds to a heartfelt plea from a UCT medical student, pledging to restore critical health services and address the ongoing healthcare crisis in South Africa.

South Africa’s National Treasury is considering raising additional borrowing in its latest rendition of the budget, to be delivered on Wednesday, to cover a revenue shortfall after a plan to increase taxes was scrapped.