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Kganyago draws on Anglo-Zulu War to warn on inflation risks
Lesetja Kganyago at the IMF and World Bank Spring meetings in Washington, DC, on April 15.Photographer: Matt McClain/BloombergPublished on: 16 Apr 2026, 10:16 amKey topics:Kganyago urges early rate hikes, cites Rorke’s Drift analogyIran war shocks and fuel prices threaten renewed inflation spikeInflation near 3% target; SARB holds 6.75% but may tighten laterSign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox every morning on weekdays. Register here.Support South Africa's bastion of independent journalism, offering balanced insights on investments, business, and the political economy, by joining BizNews Premium. Register here.If you prefer WhatsApp for updates, sign up to the BizNews channel here.By Matthew Hill and Ntando ThukwanaLoading content, please wait...Related StoriesNo stories found.
Kganyago invokes Zulu war in warning shot on inflation - News24
South Africa's central bank governor referenced an 1879 battle in the Anglo-Zulu war in his views on how to tackle the coming wave on inflation from the Iran war shocks, implying a preference to raise interest rates sooner rather than later.
SARB warns of interest rate hike as inflation risks mount in South Africa
As reported by BusinessTech, South African Reserve Bank (SARB) governor Lesetja Kganyago made reference to a 1879 battle in the Anglo-Zulu War at an international panel, warning that delaying action on inflation could force policymakers into more aggressive interventions later. 'Take aim at your enemy, my boy, wait until you see the whites of his eyes, and then pull the trigger,' Kganyago ...
Reserve Bank Governor sends interest rate increase warning
South African Reserve Bank Governor Lesetja Kganyago has warned that delaying interest rate increases may lead to more aggressive responses later, with the Iran War severely impacting the ...
