medium term budget policy statementlatest news & developments
Enoch Godongwana (Feb 27) and Lesetja Kganyago (July 18): Photos by Per-Anders Pettersson/Getty Image

Godongwana claims control of new 3% inflation target

The finance minister made clear that lowering the inflation target to 3% was his call, in a move that could reset monetary policy for a generation

Mini budget MTBPS by the numbers. Rawpixel/ Currency collage

By the numbers: highlights from the mid-term budget

Debt stabilises but declines more slowly than planned as Treasury banks on reforms, rising revenue and a lower inflation target to sustain momentum

Enoch Godongwana: Photo by Gallo Images/Jeffrey Abrahams / goldprice.org / Rawpixel / Currency collage

Ten things to watch in the mini-budget

Politics, markets and reform collide as Enoch Godongwana delivers the GNU’s first fiscal update. Currency highlights 10 things to watch in the mini-budget

Week ahead

The week ahead: all eyes on Godongwana

Mark your calendar – here’s the political and economic news to watch out for in the days to come

Budget. Fiscal anchor. Picture: Currency

Fiscal anchor: stability without shackles 

We all need a budget limit, and so does the government – a fiscal anchor. But that doesn’t mean there’s no flexibility to respond to economic shocks

Curerncy Viewpoint

What is a primary budget surplus, and how can it benefit us?

South Africa’s debt has hit 75% of GDP, with interest payments now the biggest budget item. A primary budget surplus could steady the ship

Growth elixir. Image by Currency

How should investors read the mini-budget – Diwali or Halloween?

Finance minister Enoch Godongwana’s October mini-budget was presented the day before Diwali and the day before Halloween – which is appropriate because it can be read as a horror…

Finance minister Enoch Godongwana

A show in numbers: the mini-budget without the spectacle

Not the content, but the occasion of the “mini-budget” used to be more important. In the half-decade before Enoch Godongwana took the reins at National Treasury, the department…

Budget money bag. Image by Currency News

Enoch pushes civil servants to the door

Though finance minister Enoch Godongwana, and his predecessor Tito Mboweni, made attempts in recent years to wrestle down the state’s wage bill, it still represents a large chunk…

budget. need to know.

The no-frills mid-term budget read

We’ve condensed Wednesday’s medium-term budget into a snappy list of 10 things you need to know.

Budget water cooler. Image by Currency News

The water cooler budget brief

Behind the big numbers in the medium-term budget policy statement there are some less obvious, interesting stats. Brush up on your budget trivia here.

Coin: Animation by Currency, (image generated with AI).

Why Godongwana’s budget is a big test for the GNU 

This week, South Africans get their first look at the progress of the government of national unity (GNU) – in rands and cents – as finance minister Enoch Godongwana unveils his…