Top South African Bankers Are the Most Bullish in a Generation

Top South African bankers are the most optimistic they’ve been about the nation’s economic prospects in about two decades after a spate of good news.

Finance Minister Enoch Godongwana last week delivered a-better-than-expected budget update, with revenue overshooting previous projections and the National Treasury recommitting to its fiscal-consolidation plans. The minister also announced that the central bank would target 3% inflation, rather than a band of 3% to 6%.