Medium-term budget preview: Windfalls, warnings and waiting for a ratings lift
06 November 2025 | Economy | General | Momentum Investments, Chief Economist, Sanisha Packirisamy or Economist, Tshiamo Masike
As South Africa prepares for the Medium-Term Budget Policy Statement, Momentum Investments’ latest research suggests the country’s fiscal story is turning a cautious corner. Afloat commodity prices, firmer tax receipts and lower bond yields have improved the fiscal outlook, raising the possibility of a sovereign ratings lift in 2026.
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