{"id":91952,"date":"2025-10-24T19:02:14","date_gmt":"2025-10-24T19:02:14","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion"},"modified":"2025-10-24T19:17:30","modified_gmt":"2025-10-24T19:17:30","slug":"easy-way-for-south-africas-government-to-save-r900-billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion","title":{"rendered":"Easy way for South Africa\u2019s government to save R900 billion"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>South African Reserve Bank Governor Lesetja Kganyago reinforced the benefits of a lower inflation goal, saying it could save the government as much as R900 billion ($52 billion) over a decade in debt-service costs.<\/p>\n

\u201cWhat we are showing by lowering the inflation target is that government will be able to save in debt servicing costs,\u201d Kganyago told an audience at the release of the bank\u2019s semi-annual Monetary Policy Review on Thursday in the capital, Pretoria.<\/p>\n

\u201cOver a 10 year period, we estimate that to be about R900 billion. To take a straight line over 10 years, it\u2019s about R90 billion a year.\u201d<\/p>\n

South Africa currently spends 22 cents of every rand on debt-service costs, crowding out investment in health and education.<\/p>\n

The South African Reserve Bank in July announced that its monetary policy decisions will now be guided by the floor of its 3%-to-6% inflation target instead of its previous objective of the midpoint of that range.<\/p>\n

Investors have warmed to the idea. Since Kganyago\u2019s announcement in July, the yield on South African benchmark 10-year bond has fallen 90 basis points to 8.9% and the rand has strengthened nearly 4% against the dollar and<\/p>\n

The South African Reserve Bank has argued that the current inflation target, which has not been reviewed since it was first adopted in 2000, is too high and wide, and that aiming at 3% would help lower borrowing costs and make it competitive among its trading partners.<\/p>\n

A new inflation targeting framework is yet to be formally ratified by Finance Minister Enoch Godongwana, who is due to deliver an update on the nation\u2019s budget on 12 November.<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South African Reserve Bank Governor Lesetja Kganyago reinforced the benefits of a lower inflation goal, saying it could save the government as much as R900 billion ($52 billion) over a decade in debt-service costs. \u201cWhat we are showing by lowering the inflation target is that government will be able to save in […]<\/p>\n","protected":false},"author":84,"featured_media":91951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-91952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"\nEasy way for South Africa\u2019s government to save R900 billion - South Africa<\/title>\n<meta name=\"description\" content=\"South African Reserve Bank Governor Lesetja Kganyago reinforced the benefits of a lower inflation goal, saying it could ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Easy way for South Africa\u2019s government to save R900 billion\" \/>\n<meta property=\"og:description\" content=\"South African Reserve Bank Governor Lesetja Kganyago reinforced the benefits of a lower inflation goal, saying it could ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-24T19:02:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-24T19:17:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1761320341.737419.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Easy way for South Africa\u2019s government to save R900 billion\",\"datePublished\":\"2025-10-24T19:02:14+00:00\",\"dateModified\":\"2025-10-24T19:17:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion\"},\"wordCount\":288,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1761320341.737419.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/easy-way-for-south-africas-government-to-save-r900-billion\",\"name\":\"Easy way for South Africa\u2019s government to save R900 billion - 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