sarblatest news & developments
inflation rate hikes. Rawpixel/Currency

Economists split on Kganyago's next move as inflation cools

Markets bet on a hike, some economists are seeing a hold next month

SARB PayShap. Rawpixel/Currency

Why the SARB is losing patience with South Africa’s banks

South Africa’s banks say PayShap is growing rapidly, but the SARB says adoption remains too slow, and may mandate wider acceptance

South Africa’s Reserve Bank Governor Lesetja Kganyago speaks during the G20 news conference at World Bank/IMF Annual Meetings at the International Monetary Fund (IMF) headquarters in Washington, Thursday, Oct. 16, 2025. (AP Photo/Jose Luis Magana)

Rand blows out as Kganyago holds

Predictions for further rate hikes are all over the show after the Reserve Bank’s surprise pause

SARB. Reserve Bank. Supplied

Inflation shock puts SARB rate hike on the cards

Consumer inflation hit a two-year high of 5% in June, firming bets on a SARB rate hike at Thursday’s MPC meeting

South African bonds. Rawpixel/Currency

The case for South African bonds just got stronger

South Africa’s generous real yields are becoming harder to ignore as global markets reprice

Interest rate hikes. Rawpixel/Currency

Inflation expectations put SARB’s next rate call on edge

Oil-shock inflation expectations have jumped even as fuel prices ease, putting the SARB’s July rate call on a knife edge

oil see-saw. Rawpixel/Currency

Dizzying reversal in oil prices has rates in and out of play

Lower oil prices have eased inflation risks and boosted bonds, but uncertainty over expectations and US rates keeps a July hike in play

inflation rate hikes. Rawpixel/Currency

May’s inflation print just made SARB’s next rate call harder

May’s 4.5% inflation print keeps a July rate hike possible, but easing oil prices and an Iran deal may give the SARB room to pause

Jibar Zaronia. Rawpixel/Currency

The great rate switcheroo about to impact your cash

It’s time to bid Jibar goodbye and welcome Zaronia: the main new rate for South African loans, bonds and derivatives

Administered prices, SARB. Rawpixel/Currency

How Joburg’s budget destroys the SARB’s balancing act 

Joburg’s tariff increases gravely undermine the Bank’s efforts to rein in inflation, and compound the misery of higher interest rates

Gallo Images/Fani Mahuntsi

Kganyago hikes rates — but bets are off from here

The SARB hiked 25bps to 7% but debated 50 – and its revised inflation and oil assumptions mean a July increase is already on the table

Reserve Bank governor Lesetja Kganyago. Gallo Images/Fani Mahuntsi

Why the SARB should hike rates on Thursday  

Higher oil prices, rising inflation and the rand: South Africans need to brace for a 25-basis-point rate hike

Week ahead

The week ahead: Kganyago gets set to pull the rates trigger  

Mark your calendar: here is the political and economic news to watch out for this week

petrol price-driven inflation. Rawpixel; Statistics South Africa; Currency

Inflation hits 4%, putting rate hikes firmly in play

South African inflation hit a 20-month high of 4% in April. The fuel surge from the Iran war has shifted the rates conversation to possible hikes

Lesetja Kganyago interest rates. Gallo Images/Alet Pretorius / Rawpixel / Currency collage

Why South Africa needs to brace for rate hikes

Rates hikes are on hold, and unless there’s a speedy resolution in Iran, consumers are looking at the prospect of sharply higher debt costs

Iran trades. Rawpixel/Currency collage

Smart trade for the Gulf meltdown: don’t look 

Local analysts and fund managers share how to navigate markets after the Middle East war drove the JSE 5.5% lower

Prime repo tug of war. Getty Images Plus; Currency collage

Why the debate over prime does, and doesn’t matter

The SARB will have to explain – plainly – why moving a reference rate does not automatically move the price of risk

Prime interest rate evaporating. Rawpixel/Currency collage

The SARB’s review of prime will not reduce the cost of debt

The prime interest rate is a benchmark for pricing loans. Changing the benchmark will not alter the economics of lending

Donald Trump: (Photo by Andrew Harnik/Getty Images) Lesetja Kganyago: (Photo by Per-Anders Pettersson/Getty Images) Jerome Powell: (Photo by Kent Nishimura/Getty Images)

Kganyago joins revolt against Trump’s Fed threat

The SARB governor is among a group of 13 central bank chiefs who have come out in support of Federal Reserve chair Jerome Powell

Lesetja Kganyago. Per-Anders Pettersson/Getty Images

More rate cuts coming – but the path lower will be bumpy

South Africans can look forward to another year of rates relief – albeit at a stop-start pace