LIVE | Fuel price relief announced as Godongwana delivers medium-term Budget Speech

South Africa’s Medium-Term Budget Policy Statement is being tabled by Finance Minister Enoch Godongwana in Parliament on Wednesday afternoon.

The latest fiscal outlook will hinge on how much additional revenue the government expects to collect and whether this will be enough to offset spending pressures. While stronger commodity prices could bolster state coffers, the key question is whether this translates into a smaller deficit and a more sustainable debt burden.

Pressure on all fronts

Public health advocates are urging the government to introduce minimum unit pricing for alcohol alongside excise tax reform, with clear implementation timelines ahead of the February 2027 Budget. Meanwhile, financial markets will be watching how Finance Minister Enoch Godongwana balances spending pressures and cost-of-living concerns with fiscal consolidation, as weaker growth forecasts and improved revenue collection shape the outlook. 

ALSO READ: What South Africa wants from Godongwana’s mini-budget speech

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