Fiscal discipline, infrastructure reform can unlock South African investment

Ahead of Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement, Jason Hamilton says South Africa needs stronger fiscal discipline, reliable infrastructure and consistent policy to attract private investment and create jobs. The Stellenbosch Business School guest lecturer says businesses need greater certainty about government spending, infrastructure delivery and economic reforms before committing capital to expansion or hiring. He points to the gap between policy announcements and practical delivery. In February, National Treasury projected gross government debt at 78.9% of GDP in 2025/26, falling to 77.3% in 2026/27.