The Investment Perspective, with Ninety One

A 4% wake-up call: reading the SARB's next move

A supply shock has shifted the inflation picture, and the SARB's next move matters. Adam Furlan discusses the case for early action, the risk of second-round effects, and why Ninety One remains cautious on duration at the front end of the curve.

21 May 2026

6 minutes

Adam Furlan
Listen to the latest episodes of The Investment Perspective, with Ninety One podcast channel:

Subscribe to our Investment Perspective, with Ninety One podcast channel on Spotify and Apple Podcast or simply search for ‘Investment Perspective, with Ninety One podcast channel’ on your podcast app of choice.

Authored by

Important information

The information, views and opinions provided are general in nature, for informational purposes only, and should not be construed as advice. No action should be taken without appropriate professional guidance. We do not act as advisors or in a fiduciary capacity. While we strive for accuracy and timeliness, we make no guarantees as to completeness or correctness and are not obliged to update the information. This material does not constitute a full summary of the risks associated with any product, fund, service or strategy. Relevant risk disclosures are available in the applicable documents, which can be requested free of charge. For details on specific funds, please refer to the relevant fact sheets. For mandatory disclosures about this investment, further important information on indices, fund ratings, yields, targeted or projected performance returns, back tested results, model return results, hypothetical performance returns, the investment team, the investment process and specific portfolio names, please click here.