Tag: commodity investment

South Africa’s consumer continued to breathe a sigh of relief as headline inflation steadied to 5.2% y/y in May 2024 according to Statistics South Africa. Food inflation however decelerated further to 4.3% y/y in May 2024 from 4.4% in April 2024 underpinned by declines in bread and cereals, milk, eggs and cheese, oils and fats, and sugar, sweets, and desserts prices. Drilling deeper into the data shows a continued stickiness on the upside for coffee products.

The recent announcement of South Africa’s grey listing has compounded an already volatile market and has introduced more administrative complexity when investing offshore. Onerous due diligence processes and verifiable information may be required creating delays with offshore investments.