South Africa’s central bank governor, Kganyago, predicts that inflation in South Africa will average around 5% in 2024 and around 4.5% in 2025. Kganyago expressed concerns about inflation, citing global and domestic risks influencing the outlook. Despite a recent slowdown in inflation in November due to reduced fuel prices, rising food costs continue to impact the overall inflation rate. The bank aims to maintain inflation within the 3% to 6% target range.