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Minister of Finance Enoch Godongwana delivered the Medium-Term Budget Policy Statement (MTBPS) earlier today. The economy of South Africa has grown by 0.9% despite having high load shedding levels, and there is also a 0.8% growth in real GDP in 2023.
The minister also mentioned that there is an extension of the COVID-19 Social Relief of Distress Grant for another year, with R34 billion allocated.
Below is an infographic summarising the Medium-Term Budget Policy Statement:
