South African Finance Minister Enoch Godongwana announced in Cape Town on the 21st that the government has lowered its 2026 economic growth forecast to 1.2% and will temporarily cut the fuel tax to ease pressure from rising global oil prices.

2026-10-22

South African Finance Minister Enoch Godongwana announced in Cape Town on the 21st that the government has lowered its 2026 economic growth forecast to 1.2% and will temporarily cut the fuel tax to ease pressure from rising global oil prices.