South Africa, Oct. 22 -- Consumer confidence drops

In the MTBPS Treasury reports that programme reviews have identified R38.1bn in savings over the medium term.

Each programme is assessed on whether it delivers measurable outputs and outcomes, whether it persistently underperforms, and whether the same objective could be achieved at lower cost.

Treasury cut its 2026 growth forecast to 1.2%, from 1.6% in February.

Private-sector investment fell by 1.1% in the first half of 2026, and consumer confidence dropped from -7 to -19 between the first and second quarters.

Treasury expects household spending growth to slow from 2.3% this year to 1.7% in 2027.

Governance

Boards face the same question from a governance angle. The King V Code on...