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Double blow on the cards for South Africa | SA News

Staff Writer
 ·31 May 2026

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Following the South African Reserve Bank’s (SARB’s) decision to hike interest rates this week, there is a chance that another hike will follow in July.

This is according to Investec Chief Economist Annabel Bishop, who said the Reserve Bank acted preemptively with its 25bp rate hike this week to get ahead of the second-round effects of higher inflation.

In his briefing, Reserve Bank Governor Lesetja Kganyago flagged inflationary pressures from the Iran War, with energy…

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  2. Fun South African Fact: South Africa is known as the “Rainbow Nation” thanks to its mix of cultures across the country. The status of being a cultural “melting pot” is evident in the fact that South Africa has a whopping 11 official languages: English, Afrikaans, isiZulu, isiXhosa, IsiNdebele, Sesotho, Northern Sotho, Setswana, SiSwati, Tshivenda, Xitsonga. Most South Africans speak more than one national language. IsiZulu is the most common first language and isiXhosa is second. Fun fact – did you know the people of Wakanda speak isiXhosa in Marvel’s Black Panther movie?