SA’s 3% growth dream remains distant as economy battles to gain momentum
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Finance Minister Enoch Godongwana remains hopeful that South Africa can achieve 3% economic growth, but for now the country must contend with an economy still struggling to gain momentum.
Despite the government’s ambitions to accelerate growth, the gap between its targets and the economy’s current performance remains a major challenge. Real gross domestic product (GDP) grew 1.4% year-on-year in the first half of 2026, but contracted in the second quarter after fuel prices spiked.
Despite the government’s ambitions to accelerate growth, the gap between its targets and the economy’s current performance remains a major challenge. Real gross domestic product (GDP) grew 1.4% year-on-year in the first half of 2026, but contracted in the second quarter after fuel prices spiked.
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