Reserve Bank governor talks inflation, Iran and El Niño. And Shoprite brews a Vida deal

Bruce Whitfield’s Business Week · Sep 3, 2026 · 39m

In this episode, Reserve Bank Governor Lesetja Kganyago joins Bruce to unpack what he calls a “polycrisis of overlapping shocks”, from the war in Iran to Ukraine’s attack on Russian wheat infrastructure and the looming El Niño threat to South African food prices. His message: South Africa’s starting point this time is fundamentally stronger than in 2022, and that breathing room is why the Reserve Bank can still take measured rather than aggressive steps on rates. Shoprite CEO Pieter Engelbrecht speaks about the acquisition of Vida e Caffè, which adds more than 400 coffee stores to a group…