Investors are closely monitoring the upcoming budget announcement in South Africa, as the new coalition government aims to address debt and implement reforms to stimulate the sluggish economy.

Finance Minister Enoch Godongwana is scheduled to present the mid-term policy statement on Wednesday, which will outline the government's priorities following the recent elections that resulted in a coalition between the African National Congress, the Democratic Alliance, and several smaller parties.

This budget will serve as a crucial indicator of the coalition's commitment to fiscal responsibility and economic revitalization. Stakeholders are eager to see how the government plans to balance its financial obligations while promoting growth in a challenging economic environment.