South Africa set for brighter fiscal outlook in Wednesday's mid-term budget

Polity Audio Articles · Oct 19, 2026 · 2m

South Africa set for brighter fiscal outlook in Wednesday's mid-term budget

South Africa's finance minister is expected to present an improved fiscal outlook in his mid-term budget on Wednesday, with a revenue windfall bolstering a push to regain an investment-grade credit rating.

But record fuel prices, weak growth and pressure to spend ahead of November 4 local government elections could limit how much of the windfall the Treasury saves.

Africa's most industrialised economy remains stuck in a low-growth rut, with the IMF forecasting growth of just 1% this year. Investors will be watching…