South Africa's growth forecasts likely to be increased – Nene

South Africa's economic growth forecasts will likely be revised upwards by the time the medium-term budget outlook is announced in October, Minister of Finance Nhlanhla Nene said on Monday. A rise in business confidence since President Cyril Ramaphosa succeeded scandal-plagued Jacob Zuma last month has already reduced the strain of debt service costs, Nene told a political union meeting in Pretoria.