• CPI seen at 3.6% this year vs 3.9% prior
• GDP growth seen at 1.7% vs 1.8% prior
• Proposed VAT increases would add about 0.2 pp to headline inflation
• For now, inflation appears contained
• We assess that risks to the growth are to the downside

Speaking of South Africa, I’ll be in Cape Town at the end of May for FMAS 2025.

This article was written by Adam Button at www.forexlive.com.

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