D-Day for new debt rules: All eyes on Godongwana’s fiscal anchor plan
Finance Minister Enoch Godongwana looks set to confirm that South Africa has finally turned the tide on government debt in the Medium-Term Budget Policy Statement.
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Finance Minister Enoch Godongwana looks set to confirm that South Africa has finally turned the tide on government debt in the Medium-Term Budget Policy Statement.
Finance Minister Enoch Godongwana is expected to signal the country’s commitment to fiscal discipline on Wednesday, with its debt-to-GDP ratio set to decline for the first time in more than two decades – potentially paving the way for a credit-rating upgrade as soon as next month.
Osagyefo Mazwai, an investment strategist at Investec Investment Management, says he does not expect tax relief for consumers at this week’s Medium-Term Budget Policy Statement, but that could change by February.
The Medium-Term Budget Policy Statement should use the current revenue outperformance to strengthen the public finances rather than create room for unfunded spending commitments, writes Lerato Ntuli of Anchor.
The Medium-Term Budget Policy Statement will confirm one of reform’s biggest successes after more than a decade of fiscal decline. But growth is the missing ingredient, writes Busisiwe Mavuso.
The South African rand edged up in early trade on Monday, 19 October 2026 as investors looked ahead to a key week for economic data, including Finance Minister Enoch Godongwana's medium-term budget policy statement and September inflation figures.
Zero Carbon Charge (Charge) is calling for changes to electric vehicle (EV) taxation and funding for renewable charging infrastructure ahead of the Medium-Term Budget Policy Statement (MTBPS) on 21 October, arguing that vehicle affordability and charging access are key to expanding electric…