In this article the eschatology of Malachi is investigated within its own historical context. The socio-political and spiritual situation of the early postexilic Persian era in Yehud is briefly outlined. The attention is then focused on the prophetic voices which articulated eschatological visions at that point in time. This article’s contention is that Malachi’s eschatology had developed from that of Haggai, being influenced in the process by the eschatological insights of Zechariah and 3 Isaiah. The conclusion is that in Malachi Haggai’s proclamation of eschatological hope is confirmed, albeit adjusted by the introduction of divine judgement into his eschatological discourse in response to the community’s disappointment at the perceived delay in the fulfilment of the promised future.