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Enoch Godongwana

Enoch Godongwana is South Africa's Minister of Finance, a position he has held since August 2021. He is a South African politician and member of the African National Congress (ANC). Godongwana was appointed to the finance portfolio by President Cyril Ramaphosa, replacing Tito Mboweni during a Cabinet reshuffle. Before becoming Finance Minister, he served as Minister of Public Enterprises from 2018 to 2019 and chaired the ANC's economic transformation subcommittee, where he played a significant role in shaping the party's economic policy direction. His tenure as Finance Minister has been marked by efforts to stabilise public finances, manage South Africa's debt burden and navigate the fiscal challenges posed by state-owned enterprises, particularly Eskom. Godongwana has been a key figure in budget presentations and economic policy debates, regularly engaging with business, labour and civil society on fiscal reform and growth strategies. He recurs in coverage of national budgets, tax policy, sovereign credit ratings, state-owned enterprise bailouts and macroeconomic strategy. Prior to his ministerial roles, Godongwana held leadership positions in trade union and business circles, including serving as deputy general secretary of the National Union of Metalworkers of South Africa (Numsa) in the 1990s. He later moved into the private sector and served on various corporate boards before returning to government.

Enoch Godongwana News


South Africa increases tariffs on wide range of steel products to WTO bound rate
South Africa increases tariffs on wide range of steel products to WTO bound rate
5th June 2026 By: Terence Creamer

South Africa has officially raised import protection across a wide range of upstream and downstream steel products by between 10% and 30% – rates that are in line with the World Trade Organisation... 


President Cyril Ramaphosa speaking at the 2026 edition of the South Africa Investment Conference in Sandton
Ramaphosa highlights the investment prospects being unlocked by ‘irreversible’ reforms
31st March 2026 By: Terence Creamer

President Cyril Ramaphosa used the 2026 edition of the South Africa Investment Conference (SAIC) to highlight the new prospects being opened to domestic and foreign investors by the country’s... 


Finance Minister Enoch Godongwana
South Africa considers lowering fuel levy due to Iran war, official says
31st March 2026 By: Reuters

South Africa's Finance Minister Enoch Godongwana is considering lowering the fuel levy to cushion the impact of the Iran war on domestic fuel prices, a senior government official told Reuters.... 


Photo of Terence Creamer
Important shifts
6th March 2026 By: Terence Creamer

The overarching theme of last week’s Budget was definitely the fiscal turning point that has now finally been reached. Debt is being stabilised and the trajectory of the deficit is narrowing,... 


SARS welcomes the revised revenue estimate for the 2025/26 fiscal year
26th February 2026

The Commissioner for the South African Revenue Service (SARS), Edward Kieswetter, welcomes the revised revenue estimate presented by the Honourable Minister of Finance, Enoch Godongwana. SARS will... 


Mineral price gains boost tax collections and reinforce mining’s economic role
26th February 2026

The Minerals Council South Africa notes that the National Budget presented by Finance Minister Enoch Godongwana on Wednesday was delivered on the back of key milestones achieved for the South... 


BLSA welcomes credible 2026 Budget as growth returns, debt stabilises and reform momentum builds
26th February 2026

BLSA congratulates Minister Godongwana on delivering a credible and pragmatic budget that tackles the country’s core challenges and reiterates the government's commitment to structural reforms.... 


Budget 2026 Delivers SME Relief as VAT Threshold Increases to R2.3 Million
Budget 2026 Delivers SME Relief as VAT Threshold Increases to R2.3 Million
26th February 2026

South Africa’s 2026 National Budget has delivered targeted relief for small and medium-sized enterprises (SMEs), including a significant increase in the Value Added Tax (VAT) registration... 


SAPVIA welcomes infrastructure focus in 2026 Budget; Calls for accelerated support for solar PV and grid expansion
SAPVIA welcomes infrastructure focus in 2026 Budget; Calls for accelerated support for solar PV and grid expansion
26th February 2026

The South African Photovoltaic Industry Association (SAPVIA) welcomes the strong focus on infrastructure investment, energy reform and private sector participation in the 2026 Budget Speech... 


Impala Platinum's Rustenburg smelter
Council hopes for mining incentives in future budgets; bemoans lack of support for ferroalloys industry
26th February 2026 By: Creamer Media Reporter

The Minerals Council South Africa has expressed disappointment that there was no mention in the 2026 Budget, presented to Parliament by Finance Minister Enoch Godongwana on February 25, of reduced... 


2026 National Budget Signals Path to Growth, Fiscal Stability and Effective Delivery, says DCG Chief Economist
26th February 2026

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... 


Operation Phumelela Welcomes Landmark Budget Reforms to Restore South Africa's Financial Centre Competitiveness
26th February 2026

National Treasury announces Synthetic Financial Centre and capital markets reforms to bring financial activity back onshore Operation Phumelela welcomes today's Budget announcement of a Synthetic... 


Parsons: 2026 Budget to Boost Confidence and Strengthen Fiscal Sustainability
26th February 2026

‘The overall welcome impact of the Budget on the economy will be positive and confidence-building. The markets will also price-in what is a ‘good news’ Budget in favourable fiscal circumstances.... 


Transalloys has a smelter complex in Mpumalanga
Transalloys wants electricity tariff relief extended to full ferroalloys sector
24th February 2026 By: Terence Creamer

Transalloys, which produces manganese ferroalloys at a smelter complex in Mpumalanga, has again warned that its operations are at risk of closure should the electricity tariff relief granted and... 


Finance Minister Enoch Godongwana in Davos, Switzerland
Godongwana plays down big tax changes in South Africa Budget
23rd January 2026 By: Bloomberg

South African Finance Minister Enoch Godongwana ruled out any major tax changes in next month’s budget and stressed the importance of keeping fiscal consolidation on track. “It’s not something we... 


Eskom CEO Dan Marokane
Marokane wants South Africa’s grid plan to be coupled to larger regional plan
5th December 2025 By: Terence Creamer

Eskom CEO Dan Marokane has called for South Africa’s Transmission Development Plan (TDP) to be complemented by a “regional TDP” to support the development of the grid infrastructure required to... 


Magazine cover image
Infrastructure focus could spark long-awaited construction revival but obstacles persist
5th December 2025 By: Lumkile Nkomfe

South Africa’s construction and infrastructure sector enters 2026 with a rare window of opportunity. The Medium-Term Budget Policy Statement (MTBPS), delivered by Finance Minister Enoch Godongwana... 


Policy uncertainty could lead to future energy  transition funding gap in South Africa – report
Policy uncertainty could lead to future energy transition funding gap in South Africa – report
21st November 2025 By: Terence Creamer

A new study that assesses the investments required to achieve electricity security in South Africa by 2050 while also meeting the country’s decarbonisation goals has reaffirmed that the least-cost... 


Photo of Terence Creamer
Important shift
21st November 2025 By: Terence Creamer

There are signs that the long-promised change to the composition of government spending – from consumption to capital investment – is at last taking shape. In his Medium-Term Budget Policy... 


Eskom CEO Dan Marokane
Marokane wants South Africa’s grid plan to be coupled to larger regional plan
17th November 2025 By: Terence Creamer

Eskom CEO Dan Marokane has called for South Africa’s Transmission Development Plan (TDP) to be complemented by a “regional TDP” to support the development of the grid infrastructure required to... 


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