Budget 2026 arrives at a defining moment for South Africa’s economy. With global uncertainty, domestic fiscal pressures, and structural reforms all converging, this year’s Budget must balance short‑term resilience with long‑term transformation.
Our predictions highlight where policy is expected to land and what we believe is needed to support sustainable, inclusive growth.
Our forecasting framework examines policy pillars—economic growth, fiscal balance, expenditure, debt, SOE reform, monetary policy, social protection, municipal finance, public health funding, and geopolitical risks. For every topic, we outline PwC’s wish for policy direction and PwC’s prediction for what government is likely to announce.
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