NWU Business School

July inflation figures offer welcome relief for consumers and business

The better-than-expected July figure for the consumer price index (CPI) is good news on the inflation front for business and consumers and helps to stabilise medium-term expectations.

In commenting on the CPI figures for July, Prof. Raymond Parsons, economist from the North-West University (NWU) Business School, says the consensus view among analysts has been that, although the global energy crisis would mean a temporary surge in headline inflation earlier in 2026, the effects would gradually dissipate later in the year.

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South Africa’s government is drowning in its own complexity

  • The South African government is becoming trapped within layers of accumulated complexity.
  • The government therefore appears simultaneously hyper-present and absent.
  • Complex systems create discretion and discretion creates power.
  • Economic success becomes tied less to productive capability and more to proximity to administrative systems.
  • The crisis no longer lies in the absence of rules or oversight, but in the growing burden of managing complexity itself
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