Why South Africa needs a 3% inflation target
The GNU should ensure that South Africa’s economic performance improves during 2025. Here are three things that must happen
South Africa has emerged safely from an eventful 2024. The once all-powerful ANC lost its parliamentary majority and a government of national unity (GNU) assumed power without riots or bloodshed. This transition is as important as the political changes South Africa saw in 1924, 1948 and 1994.
The GNU dealt with and survived challenges, mainly owing to the Tina principle: There is no alternative. The GNU is made up of parties that respect the constitution and constitutional supremacy. The alternative is a coalition of parties known (ironically) as the progressive caucus, advocating parliamentary supremacy. This is a terrifying prospect to be avoided at all costs...
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