{"id":96307,"date":"2026-02-25T11:22:00","date_gmt":"2026-02-25T11:22:00","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity"},"modified":"2026-02-25T11:22:00","modified_gmt":"2026-02-25T11:22:00","slug":"godongwana-to-miss-a-huge-opportunity","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity","title":{"rendered":"Godongwana to miss a huge opportunity"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; South-Africa. <\/strong><\/span>South Africa\u2019s Finance Minister is unlikely to formally adopt a fiscal anchor in this week\u2019s budget, opting to wait until at least October to introduce the rule aimed at curbing public debt, according to a Bloomberg poll.<\/p>\n<p>Enoch Godongwana pledged in November that he would finalise a proposal for a fiscal anchor this year, a step seen as crucial to putting South Africa\u2019s debt-to-GDP ratio on a sustained downward path. The metric is projected to peak in the current fiscal year.<\/p>\n<p>Since 2021, the government has targeted a primary budget surplus \u2014 where revenue exceeds non-interest spending \u2014 and is on track to post a third consecutive positive balance this year, underscoring its push to restore fiscal credibility.<\/p>\n<p>The National Treasury is likely to adopt a new debt rule \u201clater this year or in 2027\u201d, probably in the form of a legislated fiscal framework rather than a strict numerical target, Citigroup economist Gina Schoeman said.<\/p>\n<p>She\u2019s among seven of nine economists in a Bloomberg survey who reckon Godongwana won\u2019t formally announce the new framework when he delivers his budget speech at 14:00 on Wednesday.<\/p>\n<p>The minister is more likely to provide updated guidance on plans for adopting a fiscal anchor, Goldman Sachs economist Andrew Matheny wrote in a note.<\/p>\n<p>\u201cHowever, the messaging is at this stage likely to be general and to fall short of a formal announcement,\u201d with the latter possibly coming at the minister\u2019s mid-term budget update expected in October, he said.<\/p>\n<p>Options for the anchor include a headline deficit limit, a primary balance target, or a debt-to-GDP ceiling, Tatonga Rusike, an economist at Bank of America, said.<\/p>\n<p>\u201cA credible fiscal rule could lead to lower bond yields, improve creditworthiness and reduce South Africa\u2019s risk premium.\u201d<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">South-Africa<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; South-Africa. South Africa\u2019s Finance Minister is unlikely to formally adopt a fiscal anchor in this week\u2019s budget, opting to wait until at least October to introduce the rule aimed at curbing public debt, according to a Bloomberg poll. Enoch Godongwana pledged in November that he would finalise a proposal for a fiscal anchor [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":96306,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-96307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Godongwana to miss a huge opportunity - South Africa<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Godongwana to miss a huge opportunity\" \/>\n<meta property=\"og:description\" content=\"Africa-Press &#8211; South-Africa. South Africa\u2019s Finance Minister is unlikely to formally adopt a fiscal anchor in this week\u2019s budget, opting to wait until at least October to introduce the rule aimed at curbing public debt, according to a Bloomberg poll. Enoch Godongwana pledged in November that he would finalise a proposal for a fiscal anchor [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-25T11:22:00+00:00\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Godongwana to miss a huge opportunity\",\"datePublished\":\"2026-02-25T11:22:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity\"},\"wordCount\":308,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2026\/02\/sm_1772006183.530375.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/godongwana-to-miss-a-huge-opportunity\",\"name\":\"Godongwana to miss a huge opportunity - 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