South Africa’s Finance Minister Enoch Godongwana will present the 2026 Budget next week against an improving fiscal backdrop, creating scope for another fiscal giveaway. However, a looser fiscal stance, combined with the recent disappointment in the inflation data and declining unemployment, could prompt the Reserve Bank to proceed more cautiously with rate cuts in the months ahead.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.
