The South African National Budget
Get access to commentary and thought leadership pieces written by our subject matter specialists who provide a 360-degree view of their budget expectations, insights and analysis for the National Budget and the Medium-Term Budget Policy Statement.
2025 Medium-Term Budget Policy Statement in a nutshell
On Wednesday, 12 November 2025, South Africa's Minister of Finance, Mr Enoch Godongwana, presented the 2025 Medium-Term Budget Policy Statement (MTBPS), arriving in the wake of a robust discussion surrounding the initial 2025 budget.
The address highlighted the medium-term budget’s importance in shaping the fiscal framework for the upcoming national budget.
For more post-MTBPS insights, and to download our Deloitte Africa post-MTBPS Infographic which provides a quick overview of some of the key messages and statistics of the MTBPS, click on the below tabs.
2025 Post-MTBPS Insights
2025/26 Post-National Budget Commentary (21 May 2025)
2025/26 Post-National Budget Commentary (12 March 2025)
2025/26 Pre-National Budget Predictions
Click on the tabs below to get access to pre-Budget commentary and insights from our subject matter experts.
Thank you for exploring our 2025/26 National Budget speech insights
Itireleng Kubeka
