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Treasury Denies Godongwana Set 3% Inflation Target In MTBPS

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According to reports, Minister of Finance Enoch Godongwana threw shade on the SA Reserve Bank’s (Sarb) 3% inflation target announced last week, saying he has no plans to announce a lower inflation target in the Medium-Term Budget Policy Statement (MTBPS).

Independent economist Duma Gqubula helps us understand who ultimately sets South Africa’s inflation target, the Reserve Bank or National Treasury.

4 Aug 2025 12PM English South Africa Business News · Investing

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