SATURDAY, 28 FEBRUARY 2026, 19:38
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Read Finance Minister Enoch Godongwana’s Budget speech in full.
South Africa will propose binding guidelines later this year to keep public finances on a sustainable path by introducing a principle-based fiscal anchor rather than numerical rules.
The National Treasury’s 2026 Budget proposed inflationary increases to “sin taxes” on alcohol and tobacco, offering relative relief to the industry, given that above-inflation hikes were expected.
Over the next three years, growth is projected to average 1.8% and reach 2% by 2028
Minister warns that municipalities must reinvest collected revenue in essential services, citing Johannesburg’s water backlog of R64 billion
Here’s how much South African investors can now invest tax-free every year.
Gauteng Premier Panyaza Lesufi says that visible police forces and permanent roadblocks will soon be deployed to the province’s shopping hubs.
South Africa’s debt will peak this fiscal year after rising for nearly two decades, a turning point that creates space to support the economy through tax relief and infrastructure investment.
South Africa’s social grant system sees increased funding, while Sassa is intensifying fraud checks and compliance measures to ensure support reaches those in need.
South Africa’s 2026 Budget has raised various fuel levies in line with inflation, pushing up petrol and diesel prices as the government seeks additional funding, including support for the financially strained Road Accident Fund.
National Treasury is stepping in to stimulate the economy and fix the municipalities, with Finance Minister Enoch Godongwana declaring the age of austerity over.
Almost 10 years after Cape Town experienced a drought so severe it sparked fears of a Day Zero scenario in which residents’ taps would run dry, the City of Cape Town is again sounding the alarm over possible drought conditions.
South African taxpayers were afforded relief in the 2026 Budget, with full inflationary adjustments to personal income tax brackets and medical tax rebates.
In the 2026 Budget Speech, Finance Minister Enoch Godongwana has unveiled key reforms and strategies to bolster South Africa’s economic resilience, emphasising infrastructure investment and more efficient public services.
The government has revised its tax revenue expectations due to rising collections from VAT and commodities, scrapping a proposed R20-billion tax increase for 2026.
Finance Minister Enoch Godongwana delivered rare relief for taxpayers by adjusting personal income tax brackets and medical tax credits in line with inflation, easing the sting of bracket creep after two frozen years. But higher fuel levies and inflation-linked increases to alcohol and tobacco taxes will take some shine off the otherwise ‘good news’ Budget.
Finance Minister Enoch Godongwana delivers the 2026 Budget Speech