Masia: Long-Term Gains of S.Africa Budget Helps Economy

South Africa’s finance minister adopted a 3% inflation target, giving political backing to the central bank which lobbied for the change, while cautioning that debt will now peak at a slightly higher level. Enoch Godongwana expects the new target to reduce the cost of living and borrowing costs and support higher long-term economic growth and job creation Danelee Masia, Deutsche Bank Chief Economist for Central and Eastern Europe, Middle East and Africa spoke to Bloomberg’s Horizons Middle East and Africa anchor Joumanna Bercetche & Chief Africa Correspondent Jennifer Zabasajja. (Source: Bloomberg)