2026 budget reveal! Godongwana set for hot seat in Parliament

by Staff Bona

Finance Minister Enoch Godongwana is set to deliver the 2026 National Budget Speech on Wednesday, with government expected to outline fiscal plans aimed at supporting economic recovery and development.

Enoch will present the budget at 14h00 at the Nieuwmeester Dome in Cape Town under the Parliament of South Africa.

The budget speech comes after the State of the Nation Address by President Cyril Ramaphosa, which highlighted government policy priorities for 2026.

Also see: Minister Godongwana confirms budget speech will proceed as planned

The budget is expected to detail how these programmes will be financed amid ongoing economic pressures.

Economic reforms are likely to feature prominently in the fiscal outlook, with the African National Congress (ANC) calling for increased focus on electricity, logistics and water infrastructure investment.

Also see: Godongwana trims budget waste to save R6.7bn

ANC Member of Parliament and Chairperson of the Standing Committee on Finance Joe Maswanganyi said the party supports reforms that can strengthen economic performance.

“The ANC is calling for key reforms in electricity, logistics, and water in the 2026 National Budget,” Maswanganyi said.

Meanwhile, Labour federation Congress of South African Trade Unions (COSATU) and its affiliates are expected to protest in Cape Town ahead of the speech, opposing proposed austerity measures, which they argue could affect workers and public services.

The 2026 Budget Speech will set government spending priorities for the coming financial year and provide guidance on fiscal policy, infrastructure investment and economic growth strategies.

 

First published by African Insider

Compiled by Betha Madhomu

Also see: Fuel levy hike likely in 2026 Budget despite cheaper petrol

Be the first to know – Join our WhatsApp channel for content worth tapping into. Click here to join!