Top business stories we tracked in 2025
Friday, December 19, 2025 | 380 Views |
Gaolathe PIC PHATSIMO KAPENG.
Gaolathe’s debut budget
Vice President and Finance Minister, Ndaba Gaolathe, delivered his inaugural budget on February 10, featuring lower spending than that approved for the prior financial year. However with the prolonged diamond slump still weighing on revenues, the figures pointed to a deficit of P12.2 billion or just under eight percent of GDP.
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...