According to the April 2006 Reuters consensus forecasts, the South African economy is expected to grow at 4,5 per cent in 2006 and 2007, and by 5,0 per cent in 2008. In its Budget Review, the National Treasury expects economic growth of 4,9 and 4,7 per cent for 2006 and 2007, respectively.
The strong growth momentum in household consumption expenditure and gross fixed capital formation is expected to continue to be the prime driver of growth over the medium term.