Image: Courtesy of FF Plus The Medium-Term Budget Policy Statement (MTBPS) by Minister of Finance Enoch Godongwana has met several key expectations, despite difficult and constrained circumstances. One of the most significant developments is the inflation target being adjusted and lowered to 3% — the first change in 25 years. This revised inflation target supports lower interest rates, which will provide much-needed relief from the pressure on consumers and the business sec