South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition Government of National Unity (GNU) disagreed over raising value-added tax, an unprecedented delay that caused the rand and government bonds to fall.

The speaker of the National Assembly, Thoko Didiza, told members of parliament who had gathered to hear the finance minister deliver the budget that the speech would now happen on March 12.

For more reaction, Peter Ndoro spoke to Independent Political & Economic Risk Analyst on African Affairs, Marisa Lourenco.