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

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Aug 6, 2025

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Stephen Grootes speaks to Gina Schoeman, Economist at Citi, and Duma Gqubule, Economist and Research Associate at the Social Policy Initiative, about S&P flagging fiscal risk as the ANC criticises Reserve Bank Governor Lesetja Kganyago’s move to cut the inflation target.

In other interviews, Eustace Mashimbye, CEO of Proudly SA talks about a new study revealing that over 34,000 clothing retail and manufacturing jobs in South Africa could be displaced by 2030 due to the growing market share of offshore e-commerce platforms like Shein and Temu.

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