Middle East & Africa| Fateful finances
The budget that will determine South Africa’s future
It could make or break its governing coalition
People march against cuts ahead of budget speech on February 19, 2025 in Cape Town, South Africa
Photograph: Getty Images
Budget announcements are rarely dramatic events in South Africa. But the statement on March 12th by Enoch Godongwana, the finance minister, could be the most consequential since the end of white rule in 1994.