Finance minister says SARB Cannot Unilaterally Decide South Africa’s Inflation Target

08/08/2025 27 min
Finance minister says SARB Cannot Unilaterally Decide South Africa’s Inflation Target

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Episode Synopsis

Finance Minister Enoch Godongwana has firmly stated that the South African Reserve Bank (SARB) cannot independently lower the country’s official inflation target without government consultation. This declaration comes amid a growing dispute between the National Treasury and the SARB over inflation policy direction, highlighting deeper tensions in economic governance.  Mbuyiseni Ndlozi is in conversation with Chief Economist and Researcher at RMB, Isaah Mhlanga and Economist, Redge Nkosi. See omnystudio.com/listener for privacy information.

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