Deloitte commentary on South Africa's Budget 2026/27

Our comprehensive commentary on 2026/27 South African National Budget, highlights the Minister of Finance’s strategic, yet delicate, balance between fostering economic recovery and enforcing fiscal discipline.

Key themes include encouraging investment through structural reforms, supporting green energy and infrastructure, as well as providing relief to households via inflationary adjustments to personal income tax brackets and medical tax credits. Other tax measures, such as an increase in compulsory VAT registration threshold will also provide small businesses with some relief from the administration burden of VAT compliance.

Our subject matter specialists noted an improvement in revenue performance, providing some room for targeted support for growth and investment despite a challenging economic environment.