South Africa stands at a political crossroads this week as the ANC and DA hold deliberations on the future of the Government of National Unity (GNU). Meanwhile, global tariff battles intensify, threatening further disruption to the world economy.

All eyes are on the National Assembly as the Government of National Unity faces its biggest test: the vote on the 2025 Budget. Globally, President Trump’s tariff salvo intensifies international trade tensions.

South Africa’s budget process moves into a critical phase ahead of the 3 April deadline for parliamentary approval. Key finance committee meetings take place this week, while budget speeches will be delivered in five provincial legislatures. Globally, the Israel-Palestine conflict and the war in Ukraine continue to dominate the agenda.

It’s a busy week in Parliament with multiple committee meetings, a ministerial question session, and a debate marking Human Rights Day. Meanwhile, the South African Reserve Bank will announce its interest rate decision, alongside monetary policy updates from the US Federal Reserve, Bank of England, Bank of Japan, and Bank of Russia.

Finance Minister Enoch Godongwana delivers his Budget Speech on Wednesday after its postponement three weeks ago, while President Ramaphosa faces questions from MPs on Tuesday. Internationally, further US tariffs and retaliatory measures take effect, and Ukraine remains front and centre of the global diplomatic agenda.

Parliament will this week hold a debate called by EFF leader Julius Malema on the US government’s decision to halt aid to South Africa, while Ministers in the peace and security cluster will answer questions in the National Assembly. Events shaping the global agenda include US President Donald Trump’s address to Congress, the EU Summit on Ukraine, and the Arab League emergency meeting on Gaza.