SOUTH AFRICA-CAPE TOWN-PARLIAMENT-MEDIUM-TERM BUDGET POLICY STATEMENT

(261022) -- CAPE TOWN, Oct. 22, 2026 (Xinhua) -- South African Finance Minister Enoch Godongwana delivers the Medium-Term Budget Policy Statement in Parliament in Cape Town, South Africa, Oct. 21, 2026. South Africa has lowered its economic growth forecast for 2026 to 1.2 percent and announced temporary fuel levy cuts to ease cost-of-living pressures, Finance Minister Enoch Godongwana said on Wednesday. TO GO WITH "South Africa lowers 2026 growth forecast, cuts fuel levies to ease cost pressures" (Photo by Xabiso Mkhabela/Xinhua)