South Africa’s Tax Boss Welcomes Finance Ministry Appointments

South African tax head Edward Kieswetter welcomed the reappointment of Finance Minister Enoch Godongwana and his deputy, David Masondo, saying under their leadership the country will continue on the path of sustainable fiscal consolidation that will facilitate economic growth.

The National Treasury estimated in its annual budget in February that debt-to-gross domestic product will stabilize at 75.3% in the 2025-26 fiscal year. In 2023-24 it was 74.1%, well above the emerging-market average of 58.9%.