- Morgan Stanley expects South Africa to reinstate fuel-tax relief for three months to cushion consumers from surging oil prices.
- Finance Minister Enoch Godongwana is scheduled to deliver his mid-term policy statement on Oct. 21, and Morgan Stanley expects the budget to include details of a long-awaited rule to keep government finances on a sustainable path.
- The anticipated fuel-tax relief is expected to take effect from Nov. 4 at an estimated cost of 17 billion rand ($1 billion), per a Morgan Stanley research note.
Quotes
“The anticipated fuel-tax relief is expected to take effect from Nov. 4 at an estimated cost of 17 billion rand ($1 billion)”