Recalibrating the fiscal framework for a low-inflation era

13 November 2025 | Economy | General | Momentum Investments

Momentum Investments’ economists have released a post-MTBPS review titled “Recalibrating the fiscal framework for a low-inflation era”, offering a sharp, data-backed view on Treasury’s new fiscal stance. The attached unpacks how Treasury’s firm commitment to fiscal discipline, the adoption of a lower 3% inflation target, and early signs of stabilising debt could mark the start of a fiscal turnaround, potentially edging South Africa closer to a sovereign ratings upgrade.

MTBPS review - 12 November 2025

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