South Africa's national budget was postponed on Wednesday because the two biggest parties in the ruling coalition disagreed over raising value-added tax, an unprecedented delay that caused the rand and government bonds to fall.

South Africa’s budget announcement by the finance minister has been abruptly canceled and rescheduled for next month over a dispute among parties in the governing coalition.

South Africa's Finance Minister Enoch Godongwana has been forced to postpone the unveiling of the national budget following sharp disagreements within the coalition government.

South Africa’s finance minister is under pressure to chart an economic course that navigates the hazards unleashed by Donald Trump’s trade war.

South Africa's rand weakened on Wednesday, after the national budget was postponed until further notice due to disagreements within the coalition government. At 1402 GMT, the rand traded at 18.57 against the dollar,

Africa's largest economy has faced a burgeoning debt and stagnating economy that threaten to derail the country's coalition government.

The postponement of South Africa’s national budget vote was as much about keeping the national coalition together as it was about the unity of the African National Congress, with the finance minister now going back to the drawing board.

South Africa's rand edged lower on Tuesday against a buoyant dollar, ahead of a highly anticipated national budget speech.

The African National Congress and Democratic Alliance disagree over proposed VAT increases, casting doubt on the ruling coalition's ability to govern.

Officials say pro-business Democratic Alliance and senior figures in African National Congress objected to VAT rise