National Treasury

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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fatf
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South Africa’s Path to Financial Integrity: Overcoming the Final Hurdles of Greylisting

South Africa’s Path to Financial Integrity: Overcoming the Final Hurdles of Greylisting 800 800 Frontline Africa Advisory

For the past two years, South Africa has been under the scrutiny of the global financial community, navigating the complexities of the Financial Action Task Force (FATF) greylist. Greylisting is more than just an administrative label – it signals vulnerabilities in a country’s financial safeguards, particularly in preventing money laundering and terror financing. It affects…

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