Finance Minister Enoch Godongwana tables the Medium-Term Budget Policy Statement in Cape Town at 14h00 today. Markets expect a consolidation tone with the deficit near 4.4% of GDP this year and easing debt service pressure.

Key signals to watch include borrowing needs, the wage bill, infrastructure outlays, and any tax adjustments. Analysts also look for firmer support for a 3% inflation target and measures to lift growth without new broad taxes.