USD/ZAR weekly
- CPI seen at 3.6% this year vs 3.9% prior
- GDP growth seen at 1.7% vs 1.8% prior
- Proposed VAT increases would add about 0.2 pp to headline inflation
- For now, inflation appears contained
- We assess that risks to the growth are to the downside
Speaking of South Africa, I'll be in Cape Town at the end of May for FMAS 2025.
