Is South Africa sacrificing growth and jobs at the altar of inflation targeting?
Daily Maverick | 25.05.2026 00:36
South Africa’s monetary policy debate must be released from a technical dispute confined to economists and central bankers. It must be centred on a developmental question: can an economy trapped in economic stagnation, deindustrialisation, structurally high unemployment and deep inequality afford a monetary policy framework primarily designed around disinflation and investor credibility? Or has the time come to rethink what “price stability” should mean in a structurally constrained developing economy like ours?
