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SACCI says SA must review inflation target amid global risks

# The South African Chamber of Commerce and Industry says rising global debt and inflation show the need for strong economic policies. Its new report indicates South Africa’s inflation has eased since the pandemic, and fiscal and monetary policies are moving towards stability. The National Treasury and the South African Reserve Bank are reviewing the inflation target, currently set between three and six percent, with the Reserve Bank targeting 4.5-percent. SACCI CEO Alan Mukoki says a review will help strengthen the economy and protect growth.