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Kopano Gumbi

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Johannesburg
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🇿🇦 . Journalist. Economics Correspondent for Southern Africa @Reuters. Alum @columbiajourn. Part of the solution. 📧 kopano.gumbi@thomsonreuters.com
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Articles

South Africa's Kganyago signals resolve to curb inflation after rate hike​

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By Kopano Gumbi Verified
| Bizcommunity Verified
2 days7 days30 daysBy Industry Show more Advertise your job vacancies Subscribe to daily business and company news across 19 industries South Africa's central bank governor Lesetja Kganyago said on Tuesday, 2 June 2026 that the bank would bring inflation back to its 3% target, defending last week's rate hike as necessary to prevent second-round effects from the Middle East oil shock from becoming entrenched.
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South Africa's Kganyago signals resolve to curb inflation after rate hike

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By Kopano Gumbi Verified
| Zawya Verified
JOHANNESBURG, June 2 (Reuters) - South Africa's central bank governor Lesetja Kganyago said on Tuesday that the bank would bring inflation back ​to its 3% ⁠target, defending last week's rate hike as necessary to prevent second-round effects from ‌the Middle East oil shock from becoming entrenched. The South African Reserve Bank raised ​its key repo rate by 25 basis points last Thursday, to 7%, with four out ​of six Monetary ​Policy Committee members backing the decision.
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South Africa's central bank moves early to hike rates over Iran war

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By Kopano Gumbi Verified, Nilutpal Timsina Verified
| Zawya Verified
PRETORIA - South Africa's ​central bank raised its main lending rate for the first time in three years on Thursday, joining only ​a handful ​of other emerging market central banks to have tightened policy during the Iran war. The South African Reserve Bank lifted the rate by 25 basis points to 7.00%. Most economists ⁠had predicted the move after inflation accelerated sharply in April to the top of the bank's tolerance band.
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