CPI is one of South Africa’s most closely watched economic indicators as it has huge implications for the direction of interest rates and, by extension, the rand’s exchange rate and bond markets.
Our SAP fair value estimate is $278 per share, implying a fiscal 2025 enterprise value/EBITDA multiple of 28 times and a P/E ratio of 42 times. We expect low to midteens revenue growth in the near and ...