Government has revised down its economic growth forecast for 2026 to 1,2-percent from 1,6-percent
Government has revised down its economic growth forecast for 2026 to 1,2-percent from 1,6-percent projected in the February Budget. Growth is expected to reach 2-percent by 2029. Government says it has identified 38-billion-rand in targeted savings to be redirected to social and economic priorities over the medium term. The South African Revenue Service has also collected an extra 17-billion rand in additional tax revenue due to higher precious metal prices. Meanwhile, consumers can also look forward to a temporary fuel relief until January next year. Naledi Mabitsela-Ngcobo reports.




