Push Protocol USD Price & Performance (PUSHUSD)

South Africa's 2025 Budget Speech, initially set for February, was postponed to March 12 due to disagreements over proposed tax changes, including a VAT hike from 15% to 17%. This delay has sparked concerns over fiscal discipline and economic reforms, with the rand weakening slightly against major currencies.12

The abrupt postponement of the 2025 Budget Speech has left investors questioning South Africa's fiscal priorities. The proposed VAT increase has triggered political discord, while the rand and government bonds have shown signs of strain. Analysts suggest a well-received budget could stabilize the currency.12

The rescheduling of South Africa's Budget Speech highlights ongoing tensions in the coalition government. A leaked document revealed plans for a VAT increase, sparking opposition. The delay has added pressure on the rand, which remains sensitive to potential reforms and spending strategies in the upcoming announcement.12