South Africa Budget 2026/27: Fiscal Discipline Remains The Priority. In the last week of February, Finance Minister Enoch Godongwana presented South Africa’s 2026/27 Budget with a clear emphasis on fiscal discipline and debt stabilisation, signalling a continued commitment to consolidating the country’s public finances.
Markets Rise Through the Uncertainty
The oil market is currently sending mixed, and increasingly important, signals. The effective shutdown of traffic through the Strait of Hormuz points to a meaningful near-term supply disruption. This is clearly reflected in spot prices, which are pricing in acute scarcity.