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Good news about interest rate cuts in South Africa | SA News

Luke Fraser
 ·5 Jan 2026

Standard Bank, South Africa’s largest bank by assets under management, believes that the country will see more interest rate cuts in 2026.

Standard Bank noted that South Africa has entered a new chapter in monetary policy, with Finance Minister Enoch Godongwana setting a 3% inflation target.

While the South African Reserve Bank (SARB) uses monetary policy to achieve the inflation target, it is the government that sets the inflation target.

The SARB is basing its inflation figures on the new target, but Standard Bank said that…

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