Experts across sectors welcomed the 2025 Medium-Term Budget’s focus on fiscal discipline, infrastructure reform, and private-sector collaboration. While improved debt stability and policy certainty inspire optimism, leaders stress the need for measurable youth employment outcomes and inclusive growth to sustain South Africa’s recovery.

In a thoughtful reflection on South Africa’s mid-term budget, Yugen Pillay, Partner and Head of Public Sector at BDO South Africa, highlights the encouraging signs of economic recovery while urging greater urgency in tackling crime and corruption to safeguard progress.

Citadel Chief Economist Maarten Ackerman says the 2025 Medium-Term Budget reflects fiscal maturity and credibility, highlighting progress toward debt stabilisation, lower inflation, and structural reform. While challenges persist, the focus on fiscal discipline and private sector collaboration signals renewed economic confidence.