Don Consultancy Group has welcomed the 2026 National Budget presented by Enoch Godongwana, describing it as a balanced and reform-driven framework that strengthens fiscal stability, promotes industrial development, and supports inclusive economic growth. 

Commenting on the Budget, Chifipa Mhango, Chief Economist of Don Consultancy Group, said: “The 2026 National Budget reflects a strong commitment to restoring confidence in public finances while laying the foundation for sustainable economic transformation. The stabilization of debt, narrowing deficit, and focus on infrastructure investment are positive signals for investors and businesses.” 

The 2026 National Budget projects improved economic growth, supported by structural reforms and enhanced institutional capacity. Strong emphasis on fiscal consolidation, declining debt levels, and the proposed fiscal anchor reinforces policy credibility and long-term sustainability. 

Chief Economist Mhango noted that: “Fiscal discipline remains central to economic stability. Responsible debt management and improved spending efficiency will strengthen investor confidence and support long-term growth, while improved revenue collection and inflation-linked tax adjustments provide relief to households and businesses, with modernization efforts by the South African Revenue Service (SARS) strengthening domestic resource mobilization.” 

The 2026 National Budget also prioritizes reforms in energy, logistics, and municipal services, creating a more competitive environment for business and exports. Continued investment in transport, water, and energy infrastructure, supported by expanded Public-Private Partnerships, is expected to stimulate industrial activity and private sector participation in key growth sectors that include agro-processing, manufacturing, mining beneficiation, renewable energy, and logistics. 

According to Chifipa Mhango: “By strengthening value chains, improving energy security, and modernizing logistics, the 2026 National Budget supports industrialization, job creation, and economic diversification.” 

Sustained investment in education, health, and social protection remains a key feature of the 2026 National Budget. Reforms to the skills development system and the introduction of dual-training models will improve employability and labour productivity. “Investing in human capital is essential for long-term competitiveness and social stability,” Mhango added. 

The DCG Chief Economist highlights the need for continued focus on implementation, particularly in infrastructure delivery, municipal governance, export promotion, and combating illicit trade. 

Chief Economist Mhango emphasized that: “The true success of the 2026 National Budget will depend on effective execution, accountability, and strong collaboration between government and the private sector.” 

In conclusion, Chief Economist Mhango commends the Government, under the leadership of President Cyril Ramaphosa, for presenting a forward-looking and fiscally responsible National Budget that balances economic growth, development, and sustainability. With disciplined implementation and sustained reform momentum, the 2026 National Budget has the potential to stimulate investment, create jobs, and strengthen South Africa’s economic resilience.”