The National Treasury has revised downwards its GDP projections for the country, citing a softer global economic outlook, the weak trade balance, protracted power outages and higher inflation.

Finance minister Enoch Godongwana presented his medium-term budget policy statement in parliament on Wednesday, where he said “many of the risks we outlined in the February 2022 budget speech have materialised”...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.