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Treasury steadied the ship. Why didn’t it drop a bigger anchor to keep it there?

Date Uploaded: October 26 2026 10:00


South Africa’s Treasury has strengthened confidence in the public finances by achieving a likely peak in the government debt ratio and maintaining fiscal targets despite weak growth and spending pressures. This progress created an opportunity for a stronger, more durable fiscal anchor than the principles-based framework currently proposed, writes Lisette IJssel de Schepper. This column first appeared in News24 on 26 October 2026