Essayer OR - Gratuit
Lower inflation target boosts spending potential
Cape Argus
|November 13, 2025
FINANCE Minister Enoch Godongwana has lowered the inflation target to 3% with a one percentage point tolerance band.
Tabling the Medium Term Budget Policy Statement (MTBS), Godongwana said the revised inflation target followed an agreement between South African Reserve Bank (SARB) Governor Lesetja Kganyago and his consultations with both President Cyril Ramaphosa and Cabinet.
The new inflation target, down from between 3% and 6%, will be implemented over the next two years.
"Over time, the lower target will decrease inflation expectations and inflation, creating room for lower interest rates. This supports household spending and business investment, boosting economic growth and job creation," Godongwana said.
Addressing journalists at a media lockup briefing before Godongwana tabled his MTBPS, Kganyago said that he and the finance minister agreed on the new inflation target in line with South Africa's peers.
Cette histoire est tirée de l'édition November 13, 2025 de Cape Argus.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Cape Argus
Cape Argus
Loyiso’s back to his R&B roots with new single
SPEAKING to Independent Media Lifestyle, Loyiso Bala is clear about what this new chapter represents.
3 mins
February 16, 2026
Cape Argus
Tourist convicted for possession of protected reptiles
A 41-YEAR-OLD Spanish national has been convicted in the Vredendal Regional Court after authorities found protected reptiles in his hotel room without the required permits.
2 mins
February 16, 2026
Cape Argus
Sharks on brink of SA Shield glory in URC, but Lions stand in their way
THE Sharks have a golden opportunity to defend their South African Shield title on Saturday when they face the Lions at Ellis Park in a decisive United Rugby Championship (URC) derby.
2 mins
February 16, 2026
Cape Argus
Police probe video showing alleged beating of child
A SHOCKING video showing a child allegedly being beaten by a group of adults in Oudtshoorn in the Western Cape has triggered widespread outrage.
1 mins
February 16, 2026
Cape Argus
Ramaphosa’s university expansion plan sparks debate
PRESIDENT Cyril Ramaphosa’s announcement for the establishment of more universities and TVET colleges has drawn mixed reaction from political parties.
2 mins
February 16, 2026
Cape Argus
The Chinese Embassy spokesperson’s remarks on Lai Ching-te’s separatist narrative
THE AFP’s interview with Taiwan's leader Lai Ching-te, reposted in The Star on Feburary 13th, was totally misleading and full of fallacies which only reveals Lai’s nature as a die-hard separatist for “Taiwan independence”, a saboteur of peace, a maker of crises and an instigator of war.
2 mins
February 16, 2026
Cape Argus
Mduduzi Ncube pours heart and soul into new album
AWARD-winning Afro-soul artist Mduduzi Ncube is inviting listeners to experience his journey through his latest album, Buyel’ekhaya.
1 min
February 16, 2026
Cape Argus
Activists urge WC government to release Tafelberg site for social housing
HOUSING rights activists are calling on the Western Cape government to release the controversial Tafelberg School site, which is expected to give birth to social housing, with a proposal of up to 252 units with land use and heritage applications this year.
2 mins
February 16, 2026
Cape Argus
Hollis' ambition and unapologetic success
THERE are few writers in the modern self-help space who draw as much loyalty and suspicion in equal measure as Rachel Hollis, and Girl, Stop Apologizing sits squarely in the middle of that divide.
2 mins
February 16, 2026
Cape Argus
Burmester and Grace power Southern Guards to fourth
THE Southern Guards delivered a stirring turnaround at the LIV Golf Adelaide tournament, with Dean Burmester and Branden Grace leading a much-improved South African charge to secure fourth place after yesterday's final round.
1 mins
February 16, 2026
Listen
Translate
Change font size