As South Africa's (SA) Finance Minister Enoch Godongwana prepares to present the Budget for the 2025/2026 financial year today, he finds himself balancing on a tightrope amid mounting public pressure. This is as some want the South African Revenue Service to be properly funded to collect more tax, while others persist that Godongwana should introduce wealth tax and draw down from the Gold and Foreign Exchange Contingency Reserve Account.
For more more on what we expect from today's budget speech, is Professor Jannie Rossouw, visiting professor at the Wits Business School.