Finance Minister Enoch Godongwana will deliver the Medium-Term Budget Policy Statement tomorrow at 14h00 in Parliament. The update sets the three-year fiscal framework, revises growth and revenue numbers, and signals spending shifts ahead of February’s main Budget.

Analysts expect a narrower deficit on firmer tax collections and slower spending growth, with a cautious tone on reforms and logistics support. Treasury must offset the gap left by the scrapped VAT increase while aiming to stabilise debt.