Budget adds strain to mining employees, but other aspects support economy

Following Finance Minister Enoch Godongwana’s delivery of the national Budget speech on March 12, Minerals Council South Africa says the mining sector’s employees will be impacted on in various ways. The impacts include higher personal income tax payments, a mixed bag on cost-of-living expenses and less scope for further interest rate relief.

Mar 12, 2025 - 14:43
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Budget adds strain to mining employees, but other aspects support economy
Following Finance Minister Enoch Godongwana’s delivery of the national Budget speech on March 12, Minerals Council South Africa says the mining sector’s employees will be impacted on in various ways. The impacts include higher personal income tax payments, a mixed bag on cost-of-living expenses and less scope for further interest rate relief.