The article reviews how monetary policy in South Africa has changed since 1994. It shows that the transparency and accountability of monetary policy improved from 1994 to 2004. By adopting inflation targeting in 2000, the credibility and predictability of monetary policy increased. The South African Reserve Bank's approach to monetary policy and its forecasting performance are discussed. Monetary policy decisions have gotten better under inflation targeting, even though data quality has been a challenge. Inflation targeting hasn't hurt potential investments, and inflation has been within the target range since 2003. The article also emphasizes the need for other policies to support monetary policy.