Budget 2026: Key Takeaways from Godongwana’s Speech

Loading player...
Finance Minister Enoch Godongwana says government’s plan to rein in spending and boost revenue is working. The budget deficit is narrowing, debt-service costs are easing, and borrowing will drop to R380-billion in 2026 - down from R563-billion last year. Economic growth is projected at 1.6%, inflation at 3.4%, and a planned R20-billion income tax hike has been scrapped. Tax brackets will also finally adjust for inflation. Phemelo gets reaction from Zwelinzima Vavi, General Secretary of South African Federation of Trade Unions; Mahfouz Raffee, Head of Research at Equal Education; David Harrison, CEO of the DG Murray Trust; and Pikkie Greef, National Secretary of South African National Defence Union.
25 Feb 3PM English South Africa Education · Careers

Other recent episodes

International stories making headlines

From developments involving the US and Mexico to tensions in the Middle East and the latest from Russia, Phemelo unpacks the biggest global stories shaping the news agenda with global affairs specialist, Dr Terence McNamee.
2 Jun 4PM 26 min

Tshwane eyes investment boost through human settlements summit

The City of Tshwane hosted a Human Settlements Symposium aimed at attracting investment, accelerating housing development and driving spatial transformation. Phemelo speaks to MMC for Human Settlements Aaron Maluleka about the city’s plans to reshape communities and unlock growth.
2 Jun 4PM 11 min

Ian Cameron: Cape Flats needs policing, not political motorcades

With gang violence continuing to plague the Cape Flats, DA MP Ian Cameron says communities need more detectives, visible policing and crime-fighting resources, not political convoys and symbolic security visits. Phemelo speaks to the Chairperson of Parliament’s Portfolio Committee on Police about tackling crime on the ground.
2 Jun 4PM 11 min

Makashule Gana elected to lead Ramaphosa impeachment inquiry committee

Rise Mzansi Chief Whip Makashule Gana has been elected chairperson of Parliament’s Section 89 Impeachment Committee, which will consider whether there are grounds to recommend President Cyril Ramaphosa’s removal from office. Phemelo speaks to Gana about the negotiations behind his election and the work that lies ahead.
2 Jun 4PM 5 min

Tonjeni retirement may end disciplinary case over Sibanyoni matter

The retirement of former Mpumalanga Chief Magistrate Tuletu Tonjeni could effectively bring an end to disciplinary action linked to her handling of the high-profile Joe “Ferrari” Sibanyoni extortion case. Tonjeni stepped down amid scrutiny over her controversial court decisions, while legal questions remain about accountability after retirement. Phemelo speaks to…
2 Jun 4PM 7 min