Treasury pivots on SA’s turning point

Daily Maverick | 25.02.2026 23:53
Reserve Bank Governor Lesetja Kganyago told journalists in the media conference that the tailwind from the revision of the inflation target exceeded even the SA Reserve Bank’s (Sarb’s) “most optimistic expectations”. It was the 400 basis point buoyancy – actually a drop in bond yields – that we needed after a year of catching the short end of the tariff stick.