South Africa: SARB deputy governor Tshazibana says rate hikes may continue

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Fundi Tshazibana is the South African Reserve Bank’s first Black woman deputy governor at a time when the economy is struggling from all sides.

As the rand continues to depreciate against the dollar, repo rates remain at a 14-year high, and South Africa’s debt-to-GDP ratio is a lofty 72.7%, Nomfundo Tshazibana – deputy governor at the South African Reserve Bank since July 2019 – is faced with a tough balancing act: supporting the economy while keeping inflation under control.Get unlimited access to our exclusive journalism and features today.

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