More bang for your buck

FINANCIAL EXPERTS FORECAST SOME RELIEF FOR SA SE MENSE

- BY NICOLA MAWSON

SOUTH Africans battling high food and fuel costs could get some relief, if the Reserve Bank's calculations are right.

The markets will be watching Finance Minister Enoch Godongwana closely when he delivers the Medium-Term Budget Policy Statement on Tuesday.

The budget is likely to bring the cost of living into sharp focus, with economists saying he could well back a plan to lower the country's inflation target range.

Reserve Bank Governor, SARB Governor Lesetja Kganyago, has been pushing to lower the inflation target from the current three to six percent range to a flat three percent. Kganyago argues that a lower target would support "sustainable economic growth and cheaper borrowing costs".