The Money Show S&P flags fiscal risks as ANC hits SARB shift; Shein, Temu boom threatens SA retail jobs
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Aug 6, 2025 Advita Naidu, Africa MD at Jackhammer Global, discusses the fine line between diversity and tokenism in corporate South Africa, advocating for meaningful inclusion. Consumer Ninja Wendy Nola shares surprising insights on the hidden costs of food delivery, challenging our convenience culture. Finally, July Ndlovo, the outgoing CEO of Tungela Resources, reveals his inspiring journey from a struggling student to a leader in the mining industry, highlighting the realities and challenges unique to leadership in Southern Africa.
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SARB's Shift To A Lower Inflation Preference
- The SARB signalled a preference to target the 3% lower bound of the 3–6% inflation range, prompting political pushback.
- Gina Schoeman argues lower inflation benefits growth and vulnerable consumers if pursued gradually.
Phase In A Lower Inflation Goal Carefully
- If policymakers pursue a lower long-run inflation goal, communicate clearly and phase it in to avoid market confusion.
- Gina Schoeman recommends tolerance and gradual implementation to capture long-term benefits without shock.
Questioning Central Bank Goal Independence
- Duma Gqubule says the governor overstepped by unilaterally asserting a new target without democratic approval.
- He argues inflation drivers here are often supply shocks, where interest rates are a blunt or useless tool.