South Africa budget

Finance Minister Enoch Godongwana delivered a cautious 2026 Budget that avoided major tax increases while raising petrol levies by 21 cents per litre and committing to tax authority modernisation, drawing mixed political reactions.

Diageo South Africa has appealed to Finance Minister Enoch Godongwana to halt planned alcohol tax increases, warning that excise duty on spirits could exceed R100 per 750ml bottle if annual adjustments proceed in the upcoming budget.