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South Africa is preparing its budget framework, while COSATU is calling for aid for workers and a fiscal anchor law is announced for 2027.
12 articles from 18 October to 22 October 2026 · 🇿🇦 South Africa, 🌍 World
South African union NEHAWU has responded to Finance Minister Enoch Godongwana’s presentation of the 2026 Medium-Term Budget Policy Statement. It criticises a strategy of spending restraint and debt stabilisation that it considers insufficiently suited to unemployment, poverty and inequality.
Source: Mediadon
South African union NEHAWU has responded to Finance Minister Enoch Godongwana’s presentation of the 2026 Medium-Term Budget Policy Statement. It criticises a strategy of spending restraint and debt stabilisation that it considers insufficiently suited to unemployment, poverty and inequality.
🇿🇦 South Africa · 07:25
South African Finance Minister Enoch Godongwana announces a bill that would make municipal officials and elected representatives personally liable for wasteful or unjustified expenditure. The National Treasury is proposing amendments to the Municipal Finance Management Act, according to IOL.
🇿🇦 South Africa · 06:00
The Democratic Alliance (DA) considers the economic reforms announced by South African Finance Minister Enoch Godongwana insufficient and is calling for more ambitious measures to raise growth to at least 3.5%. Its MPs criticised the medium-term budget presented to Parliament, according to SABC News, while the 2026 growth forecast, already published, remains at 1.2%.
🇿🇦 South Africa · 05:33
South African Finance Minister Enoch Godongwana warns the Treasury could again suspend transfers to municipalities that misuse public funds or fail to meet their commitments. After payments to 69 municipalities were suspended in June, 38 had agreed repayment plans and paid creditors 4.2 billion rand by 31 July, Godongwana said.
🇿🇦 South Africa · 05:05
South African Finance Minister Enoch Godongwana says a bill establishing a fiscal discipline framework will be presented to Parliament in 2027. The plan, which requires governments to set and report on their financial targets, has Cabinet support, Godongwana said while presenting his medium-term budget in Cape Town.
🇿🇦 South Africa · 02:30
South African Finance Minister Enoch Godongwana announced a temporary cut in the fuel levy to reduce petrol and diesel prices until January 2027. His budget also provides several allocations, including 3.8 billion rand to strengthen social services tackling gender-based violence, according to the Daily Maverick.
🇿🇦 South Africa · 21:27
South Africa’s Treasury has cut its 2026 growth forecast to 1.2%, from 1.6% in February, Finance Minister Enoch Godongwana announced. The revision was presented in the medium-term budget policy statement, while economists interviewed by Business Day TV discussed its implications for the economy and public finances.
🇿🇦 South Africa · 17:37
South African Finance Minister Enoch Godongwana has set aside 823 million rand to deploy the army in support of police against gangs and illegal mining. The budget also provides 810 million rand next year to renew police vehicles, as part of measures Godongwana presented to Parliament.
🇿🇦 South Africa · 13:22
South Africa’s Treasury is preparing a bill that would require every government to set its fiscal objectives in a multi-year plan. The principles-based text, which would not set numerical thresholds, is expected to be presented to Parliament in 2027, Finance Minister Enoch Godongwana said, according to Businessday.
🌍 World · 12:10
South African President Cyril Ramaphosa says Finance Minister Enoch Godongwana will address concerns about the use of funds paid to municipalities in his Wednesday budget statement. The government is considering attaching conditions to equitable share transfers, Ramaphosa said at an election rally in Daveyton, according to Sabcnews.
🇿🇦 South Africa · 19:18
South African trade union federation COSATU and minibus-taxi association CODETA are calling for measures to support workers and public transport before the medium-term budget framework is presented on 21 October. COSATU cites 43.8% unemployment, 1.2% growth and rising fuel prices among the factors worsening hardship, reports IOL.
🇿🇦 South Africa · 11:05
South African Finance Minister Enoch Godongwana is preparing to present the medium-term budget framework, supported by rising gold and platinum-group metals prices. The document is to set financial guidelines for the next three years ahead of the February annual budget, according to Daily Maverick.
🇿🇦 South Africa · 05:03
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