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Budget

Finance Minister Enoch Godongwana
Moody’s says South Africa budget ‘confirms’ strong fiscal stance
26th February 2026 By: Bloomberg

South Africa’s latest budget painted an encouraging picture of improving public finances, according to Moody’s Ratings, while cautioning that “meaningful” debt reduction will require stronger... 


Documents, glasses, a pen and calculator
Planned R20bn tax increase withdrawn from 2026 Budget
25th February 2026 By: Marleny Arnoldi

Finance Minister Enoch Godongwana announced during his 2026 Budget speech on February 25 that a R20-billion tax increase that was previously earmarked for the 2026 Budget has been withdrawn and... 


Power lines
Operation Vulindlela delays are receiving attention - Treasury
25th February 2026 By: Marleny Arnoldi

With Operation Vulindlela having entered its second phase, which focuses on structural reforms and economic recovery for municipalities over the next three years, National Treasury admits in it... 


South African banknotes
Treasury targets more savings after R12bn identified under TARS scheme
25th February 2026 By: Terence Creamer

The National Treasury reports that R12-billion in savings has been identified for the coming three years as a result of its Targeted and Responsible Savings (TARS) initiative, which requires... 


Cattle on a farm
Agriculture sector should benefit from wider macroeconomic, fiscus improvements
25th February 2026 By: Marleny Arnoldi

The agriculture and rural development sector has been allocated R39.5-billion of dedicated government spending in 2026/27, as part of National Treasury’s R283-billion economic development budget... 


Alexandra near Sandton
Budget outlines shift from oversight to ‘structural intervention’ to tackle municipal dysfunction
25th February 2026 By: Terence Creamer

Amid growing dissatisfaction with the performance of many of the country’s 257 municipalities, 162 of which are categorised as being in financial distress, the National Treasury has outlined what... 


Finance Minister Enoch Godongwana
Infrastructure in focus as South Africa reaches fiscal ‘turning point’
25th February 2026 By: Terence Creamer

Accelerating infrastructure investment emerged as a central theme of the 2026 Budget, which Finance Minister Enoch Godongwana characterised as representing a “turning point” for both debt... 


The signing of legal documents
Treasury mandates sustainability plans as fiscal anchor going forward
25th February 2026 By: Marleny Arnoldi

To entrench commitments to healthy public finances, national government will introduce legislation requiring each new administration to table a medium-term fiscal plan to embed fiscal... 


Containers at port
Treasury expects healthy trade, investment conditions until at least 2028
25th February 2026 By: Marleny Arnoldi

National Treasury expects demand from South Africa’s major trading partners to tick up from an estimated 3.1% in 2025 to 3.3% in 2026, settling at 3.4% in 2027 and 2028. This trend is supported by... 


Finance Minister Enoch Godongwana
Goldman and Citi see South Africa waiting to adopt rule on debt
24th February 2026 By: Bloomberg

South Africa’s finance minister is unlikely to formally adopt a fiscal anchor in this week’s budget, opting to wait until at least October to introduce the rule aimed at curbing public debt,... 


Energy Council CEO James Mackay
Energy Council asks for fiscal support towards continued electricity reform
23rd February 2026 By: Marleny Arnoldi

Ahead of the 2026 Budget that will be delivered on February 25, the Energy Council of South Africa has called on Finance Minister Enoch Godongwana to prioritise electricity grid delivery and fiscal... 


Finance Minister Enoch Godongwana
2026 Budget: What will Godongwana do on debt, taxes?
23rd February 2026 By: Reuters

Finance Minister Enoch Godongwana will present the 2026 budget bill to lawmakers on Wednesday. Investors in Africa's economic powerhouse are watching closely to see whether the Treasury can keep... 


Budget must set out how country will build on reform – BLSA’s Mavuso
23rd February 2026 By: Schalk Burger

The Budget to be delivered by Finance Minister Enoch Gondongwana on February 25 must build on the reform gains South Africa has made and provide strong support to drive and accelerate reforms while... 


A glass of beer
Diageo warns increasing excise on spirits yet again will benefit criminals, not the State
19th February 2026 By: Rebecca Campbell

Spirits producer Diageo South Africa has warned that any further increases in taxes on these alcoholic drinks would likely only strengthen organised crime networks in the country. Above 6%... 


Cape Town banks R412m in performance grant funding from National Treasury
Cape Town banks R412m in performance grant funding from National Treasury
29th January 2026 By: Irma Venter

National Treasury has awarded Cape Town R412-million in performance grant-funding as part of the newly-introduced Metro Trading Services Reform grant. This funding is provided in recognition of... 


Chicken process line
Removing VAT from chicken offers immediate response to low purchase power, food insecurity – SAPA
23rd January 2026 By: Marleny Arnoldi

The South African Poultry Association (SAPA) has, once again, called on the National Treasury to remove the 15% value-added tax (VAT) on specific chicken products, ahead of the 2026 National... 


Human Settlements Minister Thembi Simelane
Govt to require 2% of housing grants to go to innovative building technologies
21st January 2026 By: Darren Parker

The Department of Human Settlements (DHS) will require provinces and metropolitan municipalities to allocate at least 2% of their 2026/27 housing grants to innovative building technologies (IBTs),... 


Finance Minister Enoch Godongwana
Godongwana invites concise suggestions on 2026 Budget
20th January 2026 By: Marleny Arnoldi

Finance Minister Enoch Godongwana has invited suggestions on the 2026 Budget ahead of him presenting it in Parliament on February 25. The Budget allocation aims to strike a balance between... 


Absa CIB arranged Treasury’s R11.8bn infrastructure bond
10th December 2025 By: Darren Parker

Absa Corporate and Investment Banking (CIB) acted as sole lead arranger and infrastructure finance structuring agent for the National Treasury’s R11.8-billion Infrastructure and Development Finance... 


construction cranes sunset
South Africa raises R11.8bn in first Infrastructure and Development Finance Bond
9th December 2025 By: Darren Parker

The National Treasury has successfully raised nearly R11.8-billion through South Africa’s inaugural Infrastructure and Development Finance Bond, marking a major step in financing priority public... 


Magazine cover image
Infrastructure focus could spark long-awaited construction revival but obstacles persist
5th December 2025 By: Lumkile Nkomfe

South Africa’s construction and infrastructure sector enters 2026 with a rare window of opportunity. The Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana... 


Local government expenditure expected to exceed revenue for next three years - Treasury
1st December 2025 By: Schalk Burger

National Treasury has published the 2025/26 Medium Term Revenue and Expenditure Framework (MTREF) operating and capital budgets of municipalities, which shows that the aggregated budgeted revenue... 


President Cyril Ramaphosa
Ramaphosa reiterates government’s shift from consumption to investment
13th November 2025 By: Darren Parker

President Cyril Ramaphosa has reiterated government’s strategic shift in government spending during his address at the 2025 National Construction Summit in Ekurhuleni, on November 13, promising the... 


Photo of Terence Creamer
Inflation target, tax collection among MTBPS highlights
12th November 2025 By: Creamer Media Reporter

Engineering News editor Terence Creamer talks about the big themes in the 2025 Medium-Term Budget Policy Statement (MTBPS) presented by Finance Minister Enoch Godongwana on November 12. 


National Treasury DG Duncan Pieterse
R6.7bn in savings secured under Targeted and Responsible Savings scheme
12th November 2025 By: Terence Creamer

The National Treasury has started to quantify the savings it is expecting from its Targeted and Responsible Savings (TARS) initiative, which seeks to identify low-priority or underperforming... 


An electricity substation
Treasury confirms support for distribution agency agreements as Eskom arrear debt rises
12th November 2025 By: Terence Creamer

The National Treasury has confirmed that a scheme established to enable municipalities to write of arrear debt owing to Eskom by meeting various conditions, including keeping their current accounts... 


Hands exchanging money
As expected, South Africa lowers inflation target to 3%
12th November 2025 By: Terence Creamer

As anticipated, Finance Minister Enoch Godongwana confirmed a lowering of South Africa's inflation target to 3%, with a 1 percentage point tolerance band on either side, in his Medium-Term Budget... 


Finance Minister Enoch Godongwana
Godongwana outlines plans for shifting spending focus towards infrastructure
12th November 2025 By: Terence Creamer

Finance Minister Enoch Godongwana has outlined several initiatives being undertaken to finally begin shifting the composition of government spending from consumption to capital investment,... 


An image of Business Leadership South Africa CEO Busi Mavuso
MTBPS should confirm fiscal progress – BLSA CEO
10th November 2025 By: Tasneem Bulbulia

The Medium-Term Budget Policy Statement (MTBPS) to be presented in Parliament this week is another opportunity for government to signal real progress in improving the management of the country’s... 


coal power stations
Consultancy calls for creation of ‘Just Transition Worker Fund’ to address climate-linked inequality
7th November 2025 By: Darren Parker

Research and consulting firm PBS Development Consulting has recommended the establishment of a dedicated ‘Just Transition Worker Fund’ to ensure South Africa’s climate transition addresses... 


An image of Jonathan Veeran
Policy integral to shaping oil and gas outlook – law firm
17th October 2025 By: Lumkile Nkomfe

Although significant oil and gas discoveries across Southern Africa have sharpened investor focus, unlocking that potential is not only geological; it also requires an astute understanding of the... 


City of Johannesburg executive mayor Dada Morero
Parliament slams Joburg mayor over water crisis and R4bn shortfall
19th September 2025 By: Darren Parker

The Portfolio Committee on Water and Sanitation has said it is “perturbed by the lackadaisical attitude” of City of Johannesburg executive mayor Dada Morero toward resolving the water shortage... 


e tolls gantries
Outa takes Sanral to court to have e-toll debt cases declared abandoned
17th September 2025 By: Darren Parker

The Organisation Undoing Tax Abuse (Outa) has filed legal action against the South African National Roads Agency Limited (Sanral) and three Ministers, asking the High Court to declare that Sanral... 


Finance Minister Enoch Godongwana
Treasury holds first round of workshops on fiscal anchors, broad public engagement to follow
15th September 2025 By: Darren Parker

The National Treasury has reported back on the first round of consultative stakeholder workshops on its Fiscal Anchors discussion document, which was published on March 12. The workshops marked the... 


Finance Minister Enoch Godongwana
Godongwana says no decision made yet to move the inflation target to 3%
1st August 2025 By: Sabrina Jardim

Finance Minister Enoch Godongwana has clarified that, despite speculation, he does not intend to confirm a move to a 3% inflation target during the upcoming Medium-Term Budget Policy Statement.... 


flooding in KZN
National Treasury publishes documents in support of enhancing South Africa’s approach to disaster risk insurance
1st August 2025 By: Darren Parker

The National Treasury has published two documents on enhancing South Africa’s approach to disaster risk insurance by better using private sector participation. The documents comprise a disaster... 


pretoria skyline
TEDA’s new business plan sets targets to reverse declining investment facilitation
11th July 2025 By: Darren Parker

The City of Tshwane’s multiparty coalition government has approved the Tshwane Economic Development Agency’s (TEDA’s) new business plan, which seeks to improve investment facilitation for the... 


Cornfield
Grain SA backs agri budget, new policy direction envisioned by Steenhuisen
10th July 2025 By: Marleny Arnoldi

Industry body Grain SA has declared its support for the new policy direction outlined in Agriculture Minister John Steenhuisen’s 2025/26 budget vote speech, which was presented to Parliament on... 


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