South Africa anticipates better fiscal outlook
South Africa is expected to report an improved fiscal outlook driven by a revenue windfall. Economists predict a narrowing budget deficit and lower debt-to-GDP ratios despite growth headwinds.
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South Africa is set to deliver an improved fiscal outlook during Wednesday's mid-term budget, driven by a revenue windfall. Finance Minister Enoch Godongwana faces pressure to balance debt reduction with pre-election spending demands. The IMF forecasts growth of just 1% this year for the continent's most industrialised economy.
