{"id":842927,"date":"2025-11-12T13:00:00","date_gmt":"2025-11-12T11:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=842927"},"modified":"2025-11-12T12:14:36","modified_gmt":"2025-11-12T10:14:36","slug":"where-you-can-watch-the-medium-term-budget-live-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/budget-speech\/842927\/where-you-can-watch-the-medium-term-budget-live-in-south-africa\/","title":{"rendered":"Where you can watch the medium-term budget live in South Africa"},"content":{"rendered":"\n<p>Finance Minister Enoch Godongwana will deliver the Medium-Term Budget Policy Statement (MTBPS) today, 12 November 2025, at 14:00.&nbsp;<\/p>\n\n\n\n<p>The mini-budget speech can be viewed via various avenues, including TV services such as DStv (channel 408), news channels, and live-streaming sources like YouTube.<\/p>\n\n\n\n<p>You can watch the MTBPS on the following YouTube channels:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.youtube.com\/@encanews\/streams\">eNCA<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/@ParliamentofRSA\/streams\">Parliament TV<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.youtube.com\/@sabcdigitalnews\/streams\">SABC<\/a><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"National Assembly Plenary (Hybrid), 12 November 2025\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/SEiy3bZ6sIA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>This year\u2019s MTBPS is being delivered later than usual, following issues with the National Budget speech earlier this year.&nbsp;<\/p>\n\n\n\n<p>The initial budget did not even see Godongwana take to the stage over a controversial proposal to raise VAT by two percentage points to 17%.&nbsp;<\/p>\n\n\n\n<p>The second budget saw Godongwana lower the VAT increase to a single percentage point, from 15% to 16%, with the increase spread over two years.&nbsp;<\/p>\n\n\n\n<p>The second budget would have made its way through parts of Parliament\u2019s approval system, but a court order halted the increase at the last minute due to mistakes in adopting the fiscal framework.&nbsp;<\/p>\n\n\n\n<p>Godogwana then delivered a third budget in May of this year, which included no VAT increase at all.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What experts are hoping for<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/04\/Ramaphosa-Godongwana.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/04\/Ramaphosa-Godongwana-1024x683.jpg\" alt=\"\" class=\"wp-image-768311\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/04\/Ramaphosa-Godongwana-1024x683.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/04\/Ramaphosa-Godongwana-300x200.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/04\/Ramaphosa-Godongwana-768x512.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/04\/Ramaphosa-Godongwana.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p>While the mini-budget sees fewer announcements than the National Budget, experts are still hoping for several announcements.&nbsp;<\/p>\n\n\n\n<p>Chief among them are new structural reforms in the country aimed at improving the nation\u2019s growth rate, with GDP only expected to reach 1% by 2025.&nbsp;<\/p>\n\n\n\n<p>Citadel Chief Economist Maarten Ackerman called on the government to accelerate reforms that improve the ease of doing business, reduce red tape and address infrastructure bottlenecks.<\/p>\n\n\n\n<p>SME services provider Lula is also called on by the Godongwana to extend support to the SME sector, including adjusting the VAT registration threshold.&nbsp;<\/p>\n\n\n\n<p>The VAT registration threshold has been stagnant at R1 million for 16 years, which Lula argues places significant administrative and financial barriers for small businesses.&nbsp;<\/p>\n\n\n\n<p>\u201cWe have long held the belief that raising the VAT threshold from R1 million to a more contemporary level, such as R3 million, is a critical step for the government to lighten the burden on small businesses,\u201d said Garth Rossiter, Lula\u2019s Chief Risk Officer.<\/p>\n\n\n\n<p>Remaining on the side, the Board of Healthcare Funders (BHF) have called for greater clarity on medical aid tax credits.&nbsp;<\/p>\n\n\n\n<p>The National Department of Health has called for the cessation of medical aid tax credits, with the additional income to be used to fund the National Health Insurance.&nbsp;<\/p>\n\n\n\n<p>The BHF said that removing the rebate would result in significant health coverage gaps for millions of middle- and low-income individuals.&nbsp;<\/p>\n\n\n\n<p>Godongwana\u2019s tone is expected to be optimistic, given that revenues may be higher than initially expected following massive rallies in the resources sector.&nbsp;<\/p>\n\n\n\n<p>Gold, in particular, has seen a massive rise in value this year amid heightened global uncertainty, which is good news for South Africa\u2019s coffers.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finance Minister Enoch Godongwana will deliver the delayed mini-budget later today, with big hopes for structural reforms and tax relief measures.<\/p>\n","protected":false},"author":95,"featured_media":753767,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13716],"tags":[20058,11282,20514,667],"class_list":["post-842927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-budget-speech","tag-board-of-healthcare-funders","tag-citadel","tag-lula","tag-sabc"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/842927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=842927"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/842927\/revisions"}],"predecessor-version":[{"id":842930,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/842927\/revisions\/842930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/753767"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=842927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=842927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=842927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}