The Reserve Bank has held the repo rate at 6.75, citing increased domestic risks and what appears to be a rupture in the global political order.
There are also new threats to central bank independence, Bank governor Lesetja Kganyago said, adding that 2026 has begun with a new round of shocks.
He also flagged electricity costs and food inflation particularly meat prices, which are being affected by the foot-and-mouth disease outbreak as key risks to monitor.
