Enoch Godongwana

Treasury will extend its fuel levy relief into May — and increase support for diesel — as more price hikes loom

Missiles over Dubai and bombs in Middle East gas fields have captured much of the attention of the last month of the U.S.-Israeli strikes on Iran

South Africa is bracing for impacts from heightened tensions in the Middle East, including soaring energy prices, logistics disruptions and rising trade costs

The price of Brent crude has jumped almost 16% this week as shipping flows ground to a halt in the Strait of Hormuz, through which a fifth of the world’s oil transits

The rand advanced to near its strongest levels in about two weeks on Wednesday after Finance Minister Enoch Godongwana delivered a fiscally conservative Budget and forecast an improved economic growth trajectory

For the first time in many years, the tax-free thresholds for investments and transactions have been increased, providing financial benefits to individuals

Since 2021, the government has targeted a primary budget surplus — where revenue exceeds non-interest spending — and is on track to post a third consecutive positive balance this year, underscoring its push to restore fiscal credibility