South Africa’s inflation increases & MPC Preview

Loading player...
Khanyisa Phika – Economist at Alexander Forbes talks about South Africa’s inflation increases & MPC Preview.
South Africa’s inflation quickened for the first time in three months on the eve of a widely expected interest-rate hike.

The headline consumer-price index rose 7.6% from a year earlier, compared with 7.5% in September, Pretoria-based Statistics South Africa said Wednesday in a statement on its website. The median of 15 estimates in a Bloomberg survey of economists was 7.4%.

The South African Reserve Bank officially targets price growth in a band of 3% to 6% though its monetary policy committee prefers to anchor expectations close to the midpoint of that range.

Stubbornly high inflation that’s remained above the target ceiling for six straight months will probably see the MPC raise the benchmark in its final meeting of the year Thursday.

Economists and traders are split on the quantum. The median of 20 economists’ estimates in a Bloomberg survey is for a hike of three-quarters of a percentage point, with projections for an increase ranging from 50 to 100 basis points.
23 Nov 2022 1PM English South Africa Business News · Investing

Other recent episodes

How Currency Volatility Is Hitting South African SMEs

A new Verto report warns that currency volatility is now a bigger threat to SME margins than logistics. Rumbi Shoniwa from Verto SA explains how FX swings erode profits and the practical steps SMEs can take to protect themselves.
29 Apr 3PM 11 min

Engineering Through Headwinds: Leoka’s 10‑Year Growth Story

Leoka Engineering founder Katlego Makgata reflects on a decade of building a 100% Black‑owned EPCM firm in one of South Africa’s toughest sectors. We discuss OR Tambo’s mission‑critical operations and the digital innovations shaping the next era of African engineering.
29 Apr 3PM 18 min

The New Rules of SME Resilience in 2026

Merchant Capital CTO David Reynders joins us to unpack how South African SMEs are navigating a volatile economy. We explore cash‑flow discipline, cost‑cutting without damaging growth, and why “cash buys you time.”
29 Apr 3PM 13 min

South Africa’s Fuel Relief Extended

The government has extended the temporary fuel levy cut—but what does this mean for inflation, household budgets, and the Reserve Bank’s rate path? PSG Chief Economist Johann Els explains.
29 Apr 3PM 11 min

Easter on a Budget: How South Africans Navigated the Fuel Spike

Lightstone Retail’s Mohit Narotam breaks down new mobility data showing how South Africans re‑engineered their Easter travel plans to beat one of the biggest fuel hikes in years. From early departures to shorter trips and smarter refueling
29 Apr 3PM 12 min