Two Israeli Embassy employees were fatally shot in Washington, D.C. President Donald Trump confronted South Africa’s president in the Oval Office. House Republicans worked through the night to try to pass Trump’s budget bill.

South Africa's government will have to cut expenditure substantially if the South African Revenue Service (SARS) does not meet its revenue target, Finance Minister Enoch Godongwana told Reuters on Thursday.

South African President Cyril Ramaphosa's meeting with Donald Trump marked a minor distraction from the internal challenges facing South Africa's coalition government. Political unity is crucial to sustaining economic reform and addressing growing debt,

“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 a result from Wednesday, 4 June this year, the general fuel levy will increase by 16 cents per litre for petrol, and by 15 cents per litre for diesel.

Trump hosted the president of South Africa at the White House. What happened: Trump criticized Cyril Ramaphosa for his country’s treatment of Afrikaners, pushing genocide claims and playing a video he falsely said depicted burial sites for White farmers.

South Africa doesn't have the funds to cover the over $430 million shortfall caused by the Trump administration's cuts in foreign aid, the country's finance minister said Wednesday. Finance Minister Enoch Godongwana spoke to Parliament while presenting an updated budget — one without the value-added tax increases that had sparked public outcry and fierce disagreement among parties in the ruling coalition.

In the March version of the budget, Treasury projected that public debt would peak at 76.2% of gross domestic product in the 2025-26 fiscal year. The International Monetary Fund foresees South Africa’s debt-to-GDP ratio increasing to 88.7% by 2030.

South Africa’s second-biggest political party the Democratic Alliance (DA) on Wednesday said it “cautiously supports” the new budget presented by Finance Minister Enoch Godongwana after rejecting two previous versions.

As South Africa braces for Finance Minister Enoch Godongwana’s third budget speech on Wednesday, a wave of expert opinions reveals a landscape marked by both cautious optimism and pronounced concerns. With rising economic pressures and a growing budget deficit, Godongwana faces the complex task of generating revenue without curbing growth.

If SMEs are the future of work and wealth in South Africa, then we need a budget that treats them as central to recovery, not peripheral to macroeconomic stability.'