26
Feb
Chamwe Kaira Enoch Godongwana says South Africa has reached a turning point in managing its public finances. Delivering the 2026 National Budget in Parliament, Godongwana said the country had emerged from a period marked by state capture, credit rating downgrades, the Covid-19 pandemic, the Russia-Ukraine conflict and greylisting by the Financial Action Task Force. Public finances were under strain and economic growth had stalled. He said the government is committed to a reform agenda focused on stabilising debt, investing in infrastructure and improving the quality of spending. Gross debt is expected to stabilise at 78.9% of GDP in 2025/26 and…
