South Africa's economic growth forecasts will likely be revised upwards by the time the medium-term budget outlook is announced in October, Minister of Finance Nhlanhla Nene said on Monday.
A rise in business confidence since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last month has already reduced the strain of debt service costs, Nene told a political union meeting in Pretoria.
Nene said the 2018/19 budget delivered by his predecessor in February would help to support faster economic growth by finalising many reforms.
Edited by: Reuters
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