Finance Minister Enoch Godongwana has confirmed that a new national budget will be presented in parliament on 21 May. The decision to introduce a revised budget comes in the wake of government’s move to abandon the plan by the National Treasury to increase the value-added tax (VAT). The original proposal aimed to raise VAT by 0.5% starting on 1 May 2025, followed by an additional 0.5% hike in the 2026/2027 financial year.  Thabiso Kotane speaks to Chief Economist at Econometrix, Dr. Azar Jammine. 

<p>Finance Minister Enoch Godongwana&nbsp;has confirmed that a new national budget will be presented in parliament on 21 May. The decision to introduce a revised budget comes in the wake of government&rsquo;s move to abandon the plan by the National Treasury to increase the value-added tax (VAT). The original proposal aimed to raise VAT by 0.5% starting on 1 May 2025, followed by an additional&nbsp;0.5% hike in the 2026/2027 financial year.&nbsp; Thabiso Kotane speaks to Chief Economist at Econometrix, Dr. Azar Jammine.&nbsp;</p>

POWER Drive is a packed news and current affairs show, providing you with a comprehensive round-up of the day’s breaking news. The show features our own POWER News reporters wrapping up the major stories of the day, analysis, sport, market updates, weather and all your calls. POWER Drive host Thabiso Kotane tells you what you need to know with humour and insight as you drive home.

<p>POWER Drive is a packed news and current affairs show, providing you with a comprehensive round-up of the day&rsquo;s breaking news. The show features our own POWER News reporters wrapping up the major stories of the day, analysis, sport, market updates, weather and all your calls. POWER Drive host Thabiso Kotane tells you what you need to know with humour and insight as you drive home.</p>