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S&P flags fiscal risks as ANC hits SARB shift; Shein, Temu boom threatens SA retail jobs

The Money Show

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Inflation Tensions in South Africa

This chapter explores the recent tensions between the Reserve Bank and political figures in South Africa regarding inflation targets and their impact on consumer spending, particularly among lower-income households. It examines the Reserve Bank's shift in monetary policy, debates surrounding the governor's decision, and the influence of external factors like rising oil prices and global competition on domestic inflation. The chapter also emphasizes the challenges local industries face from imported goods and highlights initiatives to promote locally made products.

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