Enoch Godongwana
Enoch Godongwana is South Africa's Minister of Finance, responsible for the National Treasury and the country's fiscal policy. He presents the annual Budget and the Medium-Term Budget Policy Statement (MTBPS), which set out government revenue, expenditure and borrowing plans. Under his stewardship, National Treasury has pursued fiscal consolidation, stabilising government debt and growing the primary budget surplus, a track record that has contributed to Moody's Ratings revising South Africa's credit outlook to positive. He has overseen a commitment to more than R1-trillion in public infrastructure investment over a three-year horizon, delivered through institutions such as the Development Bank of Southern Africa, and has acknowledged that implementation capacity, rather than funding, is the main constraint on infrastructure delivery. Godongwana has also flagged plans for a multi-year National Treasury-backed intervention to support the City of Johannesburg. He frequently faces calls from industry bodies and civil society, including over electric vehicle taxation, the sugar tax, fuel levies and support for Transnet, with stakeholders using his Budget and MTBPS statements as platforms to lobby for policy and tax reform. His ministry's handling of fiscal policy, debt reduction and infrastructure spending is closely watched by ratings agencies, investors and business organisations as a barometer of South Africa's economic reform trajectory.
Enoch Godongwana Updates
Daily Podcast – October 19, 2026
By: Thabi Shomolekae 19th October 2026 Making headlines: Hill-Lewis launches billboard with Ramaphosa's ‘admission’ that DA municipalities work better; SA targets 1.3m unregistered... →
South Africa set for brighter fiscal outlook in Wednesday's mid-term budget 
By: Reuters 19th October 2026 South Africa's finance minister is expected to present an improved fiscal outlook in his mid-term budget on Wednesday, with a revenue windfall... →
South Africa on path to investment-grade rating, Investec says
By: Bloomberg 19th October 2026 South Africa stands a good chance of regaining its investment-grade credit rating within two years and next week’s mid-term budget could take... →
Daily Podcast – October 14, 2026
By: Halima Frost 14th October 2026 Making headlines: DA eyes majority win in election; DBE applauds ‘successful’ start to 2026 matric exams; And, Moody’s says South Africa is on... →
Moody’s says South Africa is on right track for rating upgrade
By: Bloomberg 14th October 2026 South Africa is heading in the right direction for its first credit-rating upgrade by Moody’s Ratings since 2009, provided the country’s fiscal... →
Parties, union demand fuel price relief ahead of Budget
By: Thabi Shomolekae 6th October 2026 The unprecedented hikes in fuel prices have triggered widespread outrage, prompting political parties, civil society organisations, and trade... →
Private sector skills can help South Africa improve infrastructure procurement – BLSA
By: Schalk Burger 5th October 2026 South Africa's private sector can support the public sector to accelerate the procurement of public infrastructure projects, says business... →
#LGE2026: Seven claims from the DA’s election manifesto fact-checked
By: Africa Check 28th September 2026 South Africans will vote in local government elections on 4 November 2026. Survey data from Afrobarometer suggests that unemployment, crime, water... →
Godongwana highlights infrastructure’s growth potential as DBSA disbursements rise to R20.7bn
By: Terence Creamer 14th September 2026 The Development Bank of Southern Africa (DBSA) reported record disbursements of R20.7-billion in 2025/26, up from R17.5-billion in the prior year,... →
DA calls for urgent Parliamentary hearing over PIC’s R432m Acapulco debacle
4th September 2026 Acapulco borrowed R333 million from the Public Investment Corporation (PIC), defaulted on the loan, and yet ended up being paid more than R432... →
