MTBTS 2025 I Govt to reduce South Africa's inflation target to 3%

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Published Nov 13, 2025

Government has decided to reduce South Africa's inflation target to 3%, with a 1 percentage point tolerance band.
Finance Minister Enoch Godongwana says the 1 percentage point band provides flexibility to accommodate any unexpected inflationary shocks.
Godongwana presented the Medium-Term Budget Policy Statement at a sitting of the National Assembly at the Good Hope Chamber in Parliament yesterday.
Finance Minister Enoch Godongwana now joins us to discuss his medium term budget.

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