As the chapters in this book demonstrate, many economic policy choices entail trade-offs, in which some group experiences a short-term loss in order for others, or the country as a whole, to benefit. In South Africa's case, many of the trade-offs needed most urgently to create growth will on balance benefit poorer households.
8The increasing convergence of inflation expectations to the inflation target and an increase in the credibility of the SARB is consistently shown across the literature (Miyajima and Yetman 2018; Kabundi and Mlachila 2018; Chen and Creamer 2019).