As fuel-levy reduction is extended, govt warns of R4.5bn fiscal hit

The South African government has announced a two-month extension to the temporary reduction in the general fuel levy, but has warned that the R4.5-billion in foregone revenue will have an impact on the fiscal framework. In a joint statement Minister Enoch Godongwana and Gwede Mantashe announced that Godongwana had submitted a letter to the Speaker of the National Assembly, requesting the tabling of a two-month proposal for the extension of the reduction in the general fuel levy.