Relative economic performance was beginning to deteriorate. but a strong gold price shielded policy makers from this reality. ... If handled well and in a fiscally responsible manner, the programme will go some way towards meeting expectations and providing a necessary stimulus to growth. ... The longer-term policy objective is to bring South Africa's inflation rate down to the same level as that of its trading partners. Since 1989 good progress has been made in combating inflation through restrictive monetary policies. ... This was due to the natural modernisation of the economy, a...

• Word Count: 6046
• Approx Pages: 24
• Grade Level: Undergraduate