These measures are underpinned by our strong commitment to a macroeconomic and fiscal policy framework that will continue to boost confidence and investment. We are committed to prudent borrowing and stringent expenditure management to stabilise our public finances and lower the debt trajectory. The SA Reserve Bank is a critical institution of our democracy, enjoying wide credibility and standing within the country and internationally. Price stability is a necessary but not a sufficient condition for economic growth. Rising prices of goods and services erode the purchasing power of all South Africans, but especially that of the poor. Inflation further undermines the competitiveness of our exports and our import-competing firms, putting industries and jobs at risk. For these reasons, our Constitution mandates the SA Reserve Bank to protect the value of our currency in the interests of balanced and sustainable growth. Today we reaffirm this constitutional mandate, which the Reserve Bank must pursue independently, without fear, favour or prejudice. [Applause.]