Post by African Soil (@onafrica)

South Africa’s 2026 Budget: Debt Stabilises for First Time in 17 Years
Finance Minister Enoch Godongwana delivered the 2026 Budget, marking a turning point: public debt is finally stabilising after nearly two decades of growth. No major new tax increases (with bracket relief for individuals), social grants rise in April, and focus on austerity + investment to boost growth. Markets reacted strongly—rand stronger, bonds up, equities at records. This comes amid global tensions but signals hope

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