South Africa’s 2023 Budget aims to boost the economy and tackle pressing issues, like rising debt and sluggish growth. Plans include gradually increasing the VAT to 16% by 2026/27 and investing over R1 trillion in public infrastructure, which is vital for progress. Finance Minister Enoch Godongwana opened with an apology for budget delays, highlighting the nation’s struggles and need for change. While some welcome the tech advancements and plans for better rail services, critics worry about the VAT hike and the lack of clear solutions. The country stands at a crucial point, needing unity and action to achieve economic stability and growth.
