July 27, 2026

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South Africa’s Finance Chief Spells Out Fiscal Limits, Reforms – Bloomberg

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Enoch Godongwana
South Africa’s Finance Minister Enoch Godongwana outlined the nation’s fiscal parameters as the newly formed coalition government gathered for the first time in a closed-door meeting to map out priority areas from economic reform to investment.
President Cyril Ramaphosa convened the first Cabinet Lekgotla meeting of the government of national unity (GNU) following his party’s May 29 electoral defeat. His executive, which now includes 11 opposition parties, has been meeting in the capital, Pretoria, to formulate policy priorities which he will outline during the opening of parliament on Thursday.

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