| Table 1.3 Base-case Macro-economic Projections (2026 – 2045) | |||||||||||||||||||||||||||||||||||||||||
| Macro economics | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 | 2034 | 2035 | 2036 | 2037 | 2038 | 2039 | 2040 | 2041 | 2042 | 2043 | 2044 | 2045 | |||||||||||||||||||||
| (Nominal) | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | |||||||||||||||||||||
| US CPI | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | |||||||||||||||||||||
| RSA CPI | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | |||||||||||||||||||||
| AUS CPI | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | 2.3% | |||||||||||||||||||||
| Namibian Inflation | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | 5.0% | |||||||||||||||||||||
| China Inflation | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | 3.2% | |||||||||||||||||||||
| Exchange Rates(1) | (ZAR(2)/USD(3)) | 13.86 | 14.24 | 14.62 | 15.01 | 15.42 | 15.83 | 16.26 | 16.69 | 17.14 | 17.61 | 18.08 | 18.56 | 19.06 | 19.58 | 20.10 | 20.64 | 21.20 | 21.77 | 22.36 | 22.96 | ||||||||||||||||||||
| (USD/AUD(4)) | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | 0.63 | |||||||||||||||||||||
| (ZAR/NAD(5)) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |||||||||||||||||||||
| (ZAR/RMB(6)) | 1.71 | 1.76 | 1.80 | 1.85 | 1.90 | 1.95 | 2.01 | 2.06 | 2.12 | 2.17 | |||||||||||||||||||||||||||||||
| (1) | All exchange rates are quoted at the closing period of 31 December. |
| (2) | ZAR = South African Rand. |
| (3) | USD = United States Dollar. |
| (4) | AUD = Australian Dollar. |
| (5) | NAD = Namibian Dollar. |
| (6) | RMB = RenMinBi, currency of the People’s Republic of China. |