The South African Revenue Service (SARS) has welcomed Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS), delivered on Wednesday, showing that the revenue service collected over R900 billion in revenue.
The announcement of a new inflation target for South Africa of 3% with a 1 percentage point tolerance band, follows agreement between the Governor of the South African Reserve Bank (SARB) Lesetja Kganyago and the Minister of Finance Enoch Godongwana.
South Africans will have to wait until the 2026 Budget to find out whether the proposed R20 billion in additional tax increases can be withdrawn.
With the recognition that higher and more efficient infrastructure investment is essential to unlock faster and more inclusive growth, government is partnering with the private sector to strengthen infrastructure delivery and improve the quality of spending.
Government has launched the Procurement Payments Dashboard to improve transparency and accountability in public procurement.
Efforts to step infrastructure development are accelerating in South Africa - to support economic growth and drive improved service delivery.
Government’s assessment over the last few months on budgeting effectively and efficiently, shows that the state could save R6.7 billion by removing low-priority or underperforming programmes over the medium term.
Despite the introduction of the municipal Eskom debt relief programme in 2023, municipalities are still battling to address ballooning debt to the power utility.
National Treasury expects South Africa’s economy to grow by some 1.2% this year – marginally down from the 1.4% forecasted in the 2025 Budget.
In a landmark moment for South Africa’s monetary policy agenda, government has decided to reduce South Africa’s inflation target to 3%, with a 1 percentage point tolerance band.
The Ministry of Water and Sanitation has reaffirmed its commitment to accelerating equitable and sustainable access to water and sanitation services across South Africa.
Employment and Labour Minister Nomakhosazana Meth has welcomed the reduction in South Africa’s unemployment rate, as reflected in Statistics South Africa’s (Stats SA) latest Quarterly Labour Force Survey (QLFS) for the third quarter of 2025.
Building effective and inclusive justice systems will take centre stage as global leaders meet in Spain for the 2025 Organisation for Economic Co-operation and Development (OECD) Justice Leaders’ Dialogue.
The Minister of Finance, Enoch Godongwana, will deliver the Medium-Term Budget Policy Statement (MTBPS) at a sitting of the National Assembly at the Good Hope Chamber in Parliament, today, Wednesday, 12 November 2025.
Limpopo Premier, Dr Phophi Ramathuba, has welcomed the significant drop in the provincial unemployment rate, which has decreased from 35% in the second quarter of 2025 to 29.8%.
