(251112) -- CAPE TOWN, Nov. 12, 2025 (Xinhua) -- South African Finance Minister Enoch Godongwana (at the podium) delivers the Medium-Term Budget Policy Statement in Parliament in Cape Town, South Africa, Nov. 12, 2025. South African Finance Minister Enoch Godongwana has announced a new inflation target of 3 percent, with a 1-percentage-point tolerance band. Delivering the Medium-Term Budget Policy Statement in Parliament on Wednesday, Godongwana said the tolerance band provides flexibility to accommodate any unexpected inflationary shocks. (Photo by Xabiso Mkhabela/Xinhua)
