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"SARB Governor Lesetja Kganyago has indicated the central bank is considering lowering its inflation target from the current midpoint of 4. 5% towards 3%, potentially aligning South Africa with other emerging markets. Economists suggest this move could eventually lead to lower interest rates and more sustainable economic growth, though short-term challenges may arise.
inance ministers from the world's leading economies failed to reach consensus at the G20 meeting in South Africa, highlighting deepening global divisions on climate finance and economic policies. With notable absences from key nations and against a backdrop of foreign aid cuts, the meeting resulted in a chairman's statement rather than a joint communiqué