Medium-Term Budget Policy Statement (MTBPS)

ATM Says Godongwana’s Mini Budget Lacks Vision for Economic Transformation

The African Transformation Movement (ATM) has dismissed the 2025 Medium Term Budget Policy Statement delivered by Finance Minister Enoch Godongwana as uninspiring and lacking substance, saying it fails to respond to South Africa’s worsening unemployment, poverty, and inequality. ATM national spokesperson Zama Ntshona said the budget fell short of the decisive action needed to transform… Continue reading ATM Says Godongwana’s Mini Budget Lacks Vision for Economic Transformation

Godongwana’s Budget Fuels Fiery Political Showdown

SHOWDOWN: Finance Minister Enoch Godongwana's Medium-Term Budget Policy Statement (MTBPS) has fueled a political showdown with mixed reactions from political parties and the private sector. Photo: GCIS

Finance Minister Enoch Godongwana on Wednesday delivered a Medium-Term Budget Policy Statement (MTBPS), calling for collective discipline to stabilise public finances while ensuring the protection of South Africa’s most vulnerable citizens. The Minister said that after years of fiscal strain, South Africa’s debt will finally stabilise at 77.9% of GDP this year and begin to… Continue reading Godongwana’s Budget Fuels Fiery Political Showdown

South Africa Moves Toward Fiscal Stability, Says Godongwana

FISCAL STABILITY: Finance Minister Enoch Godongwana has announced that South Africa’s debt will stabilise for the first time since the 2008 financial crisis. Photo: GCIS

Finance Minister Enoch Godongwana has announced that South Africa’s debt will stabilise for the first time since the 2008 financial crisis, marking what he described as a turning point for the economy. Presenting the Medium-Term Budget Policy Statement (MTBPS) in Parliament, Godongwana said the country is restoring fiscal discipline while focusing on growth, reform, and… Continue reading South Africa Moves Toward Fiscal Stability, Says Godongwana