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As we approach the 2025 Medium-Term Budget Policy Statement (MTBPS), expectations are high that the Minister of Finance will provide an update on the results of the National Treasury’s capacitation efforts in supporting SARS to enhance revenue collection. Regular cash-collection figures are being published by the Treasury and SARS to monitor how much additional debt is collected, and how much leakage is prevented, ultimately aiming to measure whether the capacity investments are yielding results.
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.
South Africans know how to make a little go a long way. From the queues at taxi ranks to the buzz of township markets, ordinary people are hustling, saving, borrowing, and creating opportunities wherever they can.
The strongest deterrent against FSP compliance missteps is or should be: