BUDGET 2026 LIVE
No major personal tax hikes expected amid 2% growth forecast by 2028
Finance Minister Enoch Godongwana announced in the annual Budget speech that SA’s debt levels will stabilise as a share of GDP in the 2025/26 fiscal year and start to fall by 2028.
Minister Enoch Godongwana at the media briefing ahead of the national Budget speech at the Imbizo Media Centre on February 25, 2026 in Cape Town. The Budget speech provides an overview of the economy of the previous and current years and gives budget estimates for the next financial year. (Photo: Gallo Images / Brenton Geach)