AGP Executive Report
Last update: 8 hours agoMid-term Budget: Enoch Godongwana cut South Africa’s 2026 growth forecast to 1.2%, citing weak export-linked activity and risks from Middle East conflict and El Niño. The deficit is now forecast at 3.9% of GDP, while the government plans legislation for a new fiscal framework. Fuel Relief: A R10bn package will cut fuel levies from 4 November: R1.50 a litre for petrol and R3 for diesel until 1 December, with smaller cuts continuing to 5 January. Investment and Industry: Johannesburg-based testing has put Rainbow Rare Earths closer to a pilot plant to extract valuable minerals from mining waste in Limpopo. Public Finance: Treasury is proposing updates to national and municipal finance laws to strengthen accountability, enforcement and budget sustainability.
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