Read in Full | Finance Minister Enoch Godongwana’s Budget Speech

South Africa's budget 2026: A turning point for the economy, a waiting game for the poor

On the 25th of February 2026, Finance Minister Enoch Godongwana stood before Parliament and delivered a budget built on a story of redemption. Five years back, South Africa was grey-listed by the Financial Action Task Force, it was downgraded to junk status, and reeled from State Capture. On Wednesday, he told us, the country has been removed from the FATF grey list, that it received its first credit rating upgrade in 16 years, and achieved debt…

South Africa: Charting the 2026 Budget - From National Debt to Personal Income Tax

Daily Maverick breaks down all the numbers, categories, segments and fiscal policy changes that have an impact on you, fellow South African, this Budget season.

Budget 2026 - No major personal tax hikes expected amid 2% growth forecast by 2028

Finance Minister Enoch Godongwana announced in the annual Budget speech that SA’s debt levels will stabilise as a share of GDP in the 2025/26 fiscal year and start to fall by 2028.

Budget 2026: Ten takeaways from Godongwana’s speech

Minister of Finance paints an optimistic picture

Expect a good news Budget Speech from Enoch Godongwana

Economists expect a good news Budget Speech on Wednesday, 25 February 2026, largely due to record precious metal prices. This has boosted tax revenue to 10.4% year on year in the first nine months of the fiscal year. National Treasury expects revenue growth of 8.1% for the full fiscal year, which was set out in the November 2025 Medium Term Budget Policy Statement (MTBPS). National Treasury assumed an annual average gold price for 2025 of $3 334…