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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Budget climbed to -328.1B in September 2026
FMPMonthlyReleased October 2026
South Africa Budget climbed to -328.1B in September 2026, released October 2026, up 24.3B from August's -352.4B reading.
Latest Release
-328.100000
Actual
—
Consensus
-352.400000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
| USD/JPY | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Budget (South Africa) was reported at -328.10 billion in October 2026. The reading rose from the previous value of -352.40 billion. Trailing 12-month context per ETL data through October 2026.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Oct 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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Budget - ZA
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About Budget — South Africa
DEFINITION
South Africa's Budget for September posted an actual deficit of -328.100 billion ZAR, improving from August's -352.400 billion ZAR. The narrower shortfall signals a reduction in fiscal pressure compared to the prior month. Market focus now shifts to upcoming fiscal policy adjustments and debt management strategies. Updated 10/21/26
WHY THIS INDICATOR MATTERS
Fiscal and debt-supply data influence sovereign-yield term premia and currency expectations, particularly when supply pressures interact with policy normalization. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2026): actual -328.1 B.
Σ
EXPECTED ZONE
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Economic Calendar - ZA Events
| Wednesday, October 21, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ZA | Inflation Rate MoM | 0.4 | 0 | 0.4 | 0.40 | Medium |
| 08:00 | ZA | Inflation Rate YoY | 4.5 | 4.4 | 4.7 | 4.60 | Medium |
| 08:00 | ZA | Core Inflation Rate MoM | 0.2 | 0 | 0.2 | 0.20 | Low |
| 08:00 | ZA | Core Inflation Rate YoY | 4 | 4.1 | 4.3 | 4.15 | Low |
| 11:00 | ZA | Retail Sales YoY | 3.3 | 3.4 | 3 | 3.15 | Low |
| 11:00 | ZA | Retail Sales MoM | -0.3 | 2.4 | -1.5 | -0.90 | Low |
| Thursday, October 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | ZA | Building Permits YoY | -4.3 | 4.1 | 3.2 | -1.33 | Low |