It was furthermore accepted that, after the relatively large depreciation in the exchange rate and taking account also of the “openness” of the South African economy, the rate of inflation would rise.
We have also supported the digitalization of payments to the government through EGov Pay, a payment channel that allows individuals and businesses to pay taxes, permits, fees, and other obligations to the government through an electronic portal. Ladies and gentlemen, the past year has been turbulent and challenging.