{"id":93332,"date":"2025-11-22T16:34:22","date_gmt":"2025-11-22T16:34:22","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors"},"modified":"2025-11-22T17:05:07","modified_gmt":"2025-11-22T17:05:07","slug":"reserve-bank-governors-warning-to-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors","title":{"rendered":"Reserve Bank Governor\u2019s warning to investors"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>The boom in artificial intelligence stocks is creating a risk of a bubble, which could threaten emerging markets, South Africa\u2019s central bank Governor Lesetja Kganyago said.<\/p>\n

Kganyago\u2019s comments come hours after Nvidia delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble.<\/p>\n

The governor joins Wall Street executives including JPMorgan Chase Vice Chairman Daniel Pinto, who have grown increasingly concerned about the possibility of a bubble forming in AI.<\/p>\n

\u201cDespite the promise of AI, there are signs of a bubble inflating,\u201d Kganyago said in a statement on Thursday after the central bank cut its policy rate by 25 basis points.<\/p>\n

\u201cWith lower rates, and cheap credit even for riskier borrowers, financial markets appear vulnerable to a correction. If that happens, emerging markets could suffer from spillovers.\u201d<\/p>\n

For South Africa, the biggest risk is for the rand, one of the most liquid emerging market currencies. Policymakers will worry about a bubble because of its experience from history, said Ashor Sarupen, South Africa\u2019s deputy finance minister, referring to a plunge in the currency following the dotcom crisis.<\/p>\n

Nvidia, the world\u2019s most valuable company expects sales of about $65 billion in the January quarter \u2014 roughly $3 billion more than analysts predicted.<\/p>\n

Nvidia also said that a half-trillion-dollar revenue bonanza due in coming quarters may be even bigger than anticipated.<\/p>\n

Meanwhile, the five biggest tech companies are poised to spend an estimated $371 billion this year on the data centers needed to train and run complex models.<\/p>\n

By the end of the decade, that infrastructure will require $5.2 trillion to keep up with demand, McKinsey & Co. has said.<\/p>\n

\u201cBy their very nature, bubbles can\u2019t be predicted,\u201d Kganyago told reporters. \u201cThere was a governor who visited South Africa, and he wanted to go to the game reserve, and he said, \u2018can you please describe an elephant to me?\u2019 And we told him, \u2018when an elephant approaches, you will know it is an elephant.\u2019 And a bubble is almost like that.\u201d<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. The boom in artificial intelligence stocks is creating a risk of a bubble, which could threaten emerging markets, South Africa\u2019s central bank Governor Lesetja Kganyago said. Kganyago\u2019s comments come hours after Nvidia delivered a surprisingly strong revenue forecast and pushed back on the idea that the AI industry is in a bubble. […]<\/p>\n","protected":false},"author":84,"featured_media":93330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[275],"class_list":["post-93332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-south-africa-2"],"yoast_head":"\nReserve Bank Governor\u2019s warning to investors - South Africa<\/title>\n<meta name=\"description\" content=\"The boom in artificial intelligence stocks is creating a risk of a bubble, which could threaten emerging markets, South ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Reserve Bank Governor\u2019s warning to investors\" \/>\n<meta property=\"og:description\" content=\"The boom in artificial intelligence stocks is creating a risk of a bubble, which could threaten emerging markets, South ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-22T16:34:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-22T17:05:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1763818425.540755.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"726\" \/>\n\t<meta property=\"og:image:height\" content=\"407\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Reserve Bank Governor\u2019s warning to investors\",\"datePublished\":\"2025-11-22T16:34:22+00:00\",\"dateModified\":\"2025-11-22T17:05:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors\"},\"wordCount\":355,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/11\/sm_1763818425.540755.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/reserve-bank-governors-warning-to-investors\",\"name\":\"Reserve Bank Governor\u2019s warning to investors - 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