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South Africa Sets New Inflation Target at 3% with Tolerance Band

Pretoria: The announcement of a new inflation target for South Africa of 3% with a 1 percentage point tolerance band follows agreement between the Governor of the South African Reserve Bank (SARB) Lesetja Kganyago and the Minister of Finance Enoch Godongwana. Minister Godongwana, who made the announcement during the Medium

SARS Welcomes Finance Minister’s Medium-Term Budget Policy Statement

Pretoria: The South African Revenue Service (SARS) has welcomed Finance Minister Enoch Godongwana’s Medium-Term Budget Policy Statement (MTBPS), delivered on Wednesday, showing that the revenue service collected over R900 billion in revenue. By 30 September 2025, SARS had collected a net revenue of R924.7 billion, drawn from gross collections of