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Big win for the South African Reserve Bank | SA News

Luke Fraser
 ·8 Jan 2026

Inflation is expected to decline to 3.0% in 2026, aligning with the new inflation target that the South African Reserve Bank (SARB) has been working towards.

The SARB, led by Governor Lesetja Kganyago, pushed for a lowering of the inflation target by the National Treasury.

While the SARB aims to hit the inflation target via monetary policy, the Minister of Finance actually sets the target.

The SARB previously said that the 3% to 6% target band, which included a 4.5% midpoint target, was too large and made South Africa…

Truth and Reconciliation Commission: Established in 1995, this commission aimed
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