Kganyago warns against knee-jerk reaction to US tariffs
If you want to play in the big league, you play according to the rules of the big league, says Bank governor
21 April 2025 - 18:33
SA Reserve Bank governor Lesetja Kganyago has warned against a knee-jerk reaction to newly imposed (and now paused) US tariffs, urging the country to focus on improving competitiveness rather than resorting to protectionist measures.
In a strongly worded response to a question at the Bank’s Monetary Policy Forum in Sandton last week, Kganyago cautioned that retaliating with tariffs of SA’s own would not only be economically self-defeating but would also ignore the lessons of the past decade...
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