Finance Minister Enoch Godongwana delivered the 2026 Medium-Term Budget Policy Statement on Wednesday, 21 October, highlighting that fiscal discipline is starting to pay off, with debt stabilising and revenue improving.
But economic growth remains weak, and the challenge is to turn improved public finances into more jobs, stronger infrastructure and better service delivery.
The announcement motorists have been waiting for, additional fuel levy reductions, will provide some relief at the fuel pumps, amid skyrocketing prices driven by the US war on Iran.
Mini Budget 2026 – In a nutshell
- Fuel relief: The fuel levy will be cut from 4 November to 1 December 2026 by R1.50 per litre for petrol and R3 per litre for diesel. From then…