Economists have welcomed the government’s R10 billion temporary fuel levy relief as a timely inter-vention to cushion households and businesses against rising fuel costs.
However, they say South Africa needs more far-reaching changes to its fuel pricing system and a stronger economic growth trajectory.
Professor Raymond Parsons, of North-West University Business School, described Finance Minister Enoch Godongwana’s 2026 Medium- Term Budget Policy Statement (MTBPS) as “a realistic, positive and credible approach to a challenging economic and fiscal situation”.
He welcomed the temporary relief, funded by higher-than-expected revenue but said the overdue commitment to review and streamline…
Droughts: South Africa is prone to droughts, which can severely impact agriculture
and water supply.
