South Africa Tightens Its Inflation Target
For the first time in 25 years, South Africa has lowered its inflation target to 3%, down from the long-standing 3–6% range.
The move aims to strengthen price stability, boost investor confidence, and create a more predictable economic climate.
Finance Minister Enoch Godongwana said the change is about “anchoring expectations and building sustainable growth.”
Markets responded quickly — bond yields eased, and the rand gained ground — signaling support from investors.
Still, experts warn that the country must pair this policy with structural reforms in energy, infrastructure, and employment to unlock its full benefits.
AMD’s AI Ambition Pays Off
Across the ocean, AMD is making headlines after CEO Lisa Su unveiled a bold growth plan centered on AI chips.
Su told investors that “AI demand is insatiable,” as the company set a goal to reach $100 billion in annual data-center revenue within five years.
The market reacted instantly — AMD shares jumped over 8%, reinforcing investor belief that the company can compete head-on with Nvidia in an AI market projected to hit $1 trillion by 2030.