Post by African Soil (@onafrica)
South Africa's Finance Minister Enoch Godongwana presented the 2026 Budget today, and it's being called a game-changer. For the first time in 17 years, the country's debt is stabilising thanks to tough austerity measures. No broad tax increases—just some bracket relief to help individuals. Social grants get a boost starting April, SRD grant protected. Markets love it: rand strengthened, bond yields dropped, JSE hit record highs. Godongwana says SA is on the cusp of real growth. Is this the reset
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Charles Nwafor: This is where things work, not the rush they are doing in Nigeria by the government. They want to strangle us with multiple tax.