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.

The Finance Minister’s proposed 2% value-added tax (VAT) hike, which derailed last week’s Budget Speech, is set to be discussed at party and Cabinet level this week. Internationally, Russia’s war in Ukraine will be in focus at the G7, United Nations, European Union, and at other summits and bilateral meetings.

The Minister of Finance’s Budget Speech takes centre stage this week, outlining the government’s fiscal plans against a backdrop of slow economic growth, revenue shortfalls, and mounting debt pressures.

Parliament will hold a three-day debate on the President’s State of the Nation Address, alongside a packed schedule of parliamentary committee meetings. Conflict in the Middle East, Sudan, the DRC and Ukraine will dominate various global ministerial forums, heads-of-state meetings, protest rallies and the African Union Summit, which begins on Saturday.

All eyes are on President Ramaphosa’s State of the Nation Address (SONA) taking place on Thursday evening at the Cape Town City Hall. He is expected to outline the Government of National Unity’s medium-term priorities and indicate progress on its resolution of policy differences, particularly on contentious issues like the National Health Insurance.