The 2025 Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana on 12 November, marks a delicate balancing act between fiscal prudence, political compromise, and reform-driven recovery. It arrives at a moment of renewed fiscal discipline but persistent political fragility, where the Government of National Unity (GNU) faces the dual challenge of maintaining…
read moreIntroduction On 21 May, Finance Minister Enoch Godongwana tabled an updated Budget that seeks to strike a delicate balance between economic growth and social stability. Positioned as a pragmatic response to South Africa’s intersecting crises – rising debt, stagnant growth, and widening inequality – Budget 3.0 offers targeted spending shifts rather than sweeping reforms. It…
read morePost – 2025 Budget Analysis Introduction The 2025 Budget, presented by Finance Minister Enoch Godongwana on 12 March 2025, comes at a critical juncture for South Africa. Initially postponed due to governance disagreements within the Government of National Unity (GNU), the budget seeks to strike a delicate balance between fiscal discipline, economic growth, and social…
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