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Godongwana awaits report before deciding on inflation target adjustment

# Finance minister Enoch Godongwana says he’s waiting for an inflation report from the Parliamentary Standing Committee on Finance and the Reserve Bank before forming a view on possible changes to South Africa’s inflation-targeting framework. The committee and the Reserve bank is reviewing the current three- to six-percent target, unchanged since 2000. Reserve Bank Governor Lesetja Kganyago supports shifting to a three-percent point target. Godongwana will issue a statement once the review panel’s report is submitted.