South Africa has been advised by the International Monetary Fund to consider adopting a lower inflation target, as it could bring significant economic benefits.

The IMF's latest assessment of the country's economy emphasizes that transitioning to a more precise lower point target could effectively reduce inflation expectations.

However, the IMF also warns that this transition needs to be carefully managed, with a thoughtful design and gradual implementation, in order to minimize any potential negative impacts on economic output.

These recommendations from the IMF come at a time when South Africa is facing economic challenges, and the organization believes that strategic adjustments are necessary to enhance financial stability.