The GNU will want to expedite Operation Vulindlela reforms as local elections approach, but icy relations with the US remain a risk.

South Africa’s gross domestic product inched up 0.5% in the third quarter of the year, with trade, mining and finance leading the charge of nine industries that contributed to positive growth, according to Stats SA.

Dirco spokesman expressed confidence that nations present at this weekend’s G20 would uphold and defend the meeting’s declaration from attacks by the US.

Minister of international relations and cooperation Ronald Lamola has confirmed that South Africa plans to hand the presidency of the G20 over to the US in the coming days, after the world’s largest economy failed to pitch for the G20 Leaders’ Summit.

The pledge comes as US President Donald Trump has refused to attend the G20 Summit in Johannesburg as the rift between Pretoria and Washington deepens.

This was the first Reserve Bank monetary policy committee meeting since finance minister Enoch Godongwana announced a new official inflation target of 3%.

The annual CPI print, which is up from 3.4% in September, comes a week after finance minister Enoch Godongwana announced that the official inflation target for SA would be adjusted downwards to 3%.

The annual CPI print, which is up from 3.4% in September, comes a week after finance minister Enoch Godongwana announced that the official inflation target for SA would be adjusted downwards to 3%.

​Minister of finance Enoch Godongwana has announced the first adjustment to South Africa’s official inflation target in 25 years, arguing there are more benefits than setbacks to a tighter and lower inflation target.

The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to keep the repo rate on hold at 7%, it announced in Pretoria on Thursday afternoon, although some in the committee favoured a 25 basis-points cut.