Therefore, it is essential that we share our experiences and deepen our understanding of where the problem lies and how policies can address it. Above all, since future demographic changes can be predicted with some degree of certainty, we can prepare policy responses to their medium- to long-term trends in advance through constructive discussion.
The international price of oil have more than halved since mid-2014 causing inflation outcomes in South Africa to have been favourably affected, with the most recent reading of the consumer price inflation rate, at 4,6 per cent, quite close to the midpoint of the 3–6 per cent inflation target range.