South Africa Has Room for $732 Million Fuel Relief Extension, Citi Says

South Africa has enough fiscal space to extend a fuel-tax cut by two months to cushion consumers from an oil shock triggered by the Iran war, Citigroup Inc. said.

The relief would likely cost the government between 10 billion rand ($609 million) and 12 billion rand, Gina Schoeman, the bank’s country economist, said in Johannesburg on Thursday.