Infrastructure

MTBS 2025, National Treasury, Enoch Godongwana, Illicit trade, Financial Action Task Force (FATF), Governance and Fiscal Reforms, Infrastructure
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The 2025 MTBPS: Consolidation, Coalition, and the Politics of Fiscal Renewal

The 2025 MTBPS: Consolidation, Coalition, and the Politics of Fiscal Renewal 800 800 Frontline Africa Advisory

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…

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budget 3.0
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Reflections on Budget 3.0

Reflections on Budget 3.0 800 800 Frontline Africa Advisory

Introduction 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…

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