South Africa is beating some of its biggest competitors

• South Africa's inflation rate is 5%, beating some of its biggest competitors in Africa, where countries such as Nigeria and Ethiopia have seen rates above 10%.
• South Africa's inflation rate is above the Reserve Bank's target of 3% due to high property prices, but lower than other African economies, which have seen significant increases in inflation rates.
• The Reserve Bank will likely continue to monitor the situation and consider policy changes to address the inflation rate, while South Africa's strong GDP and GDP per capita position it as a leader in the African economy.