THE AFRICA TIMES | SOUTH AFRICA — South Africa remains on track to meet its fiscal targets despite the ongoing conflict in the Middle East. The National Treasury expressed its commitment to demonstrating credibility by achieving its objectives amid challenging circumstances.
Fiscal Resilience Amidst Global Tensions
During a presentation at a Citi emerging markets conference, Treasury Director-General Duncan Pieterse outlined why the Iran war will not hinder the country’s fiscal trajectory. He noted that recent fiscal outcomes have surpassed forecasts and expectations.
Robust Fiscal Performance
South Africa has recorded a third consecutive primary surplus for the fiscal year ending in March. This reached 1.1% of gross domestic product (GDP), exceeding the budget estimate of
