RC 261021702Azania Mosaka
Wednesday, 21 October 2026
Budget day dominated 702 afternoons as Godongwana's medium-term statement brought fuel relief and a cut to growth forecasts, while listeners also debated disability and pregnancy.
- 14:14
Godongwana cut the 2026 growth forecast to 1.2% from 1.6%, blaming the Middle East conflict and higher oil prices for weaker domestic activity.
- 14:30
Temporary fuel levy relief will cost about R10 billion in foregone revenue, to be offset by returning R10 billion from the Central Energy Fund to the National Revenue Fund.
- 14:25
Fiscal anchor legislation goes out for public comment in October. Each administration would commit to its own fiscal objectives and report against them to Parliament at every budget.
- 14:34
Spending for 2026-27 rises by R45.5 billion compared with February, which Godongwana said meant budget increases, not cuts, despite public pamphlets claiming otherwise.