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 stabilise at 75.3% in the 2025-26 fiscal year. In 2023-24 it was 74.
Read: Kganyago welcomes finance minister reappointment ADVERTISEMENT CONTINUE READING BELOW Read: Meet South Africa’s GNU cabinet In a Bloomberg Television interview on Tuesday, central bank Governor Lesetja Kganyago said Godongwana’s reappointment gives “comfort.” Ramaphosa earlier this year reappointed Kganyago to another five-year term and extended Kieswetter’s tenure as head of the revenue service.