Tag: InflationImpact
Preparing for April increase – fuel price alert
The war in Iran, particularly supply blockages through the Strait of Hormuz, has pushed global oil prices sharply higher. Before the conflict began, oil traded at around $68 per barrel. It now sits near $105 per barrel. This shift represents an increase of about 54%. At the same time, the South African currency has weakened.
The real risk for municipalities is weaker growth, not lower prices
South Africa has entered a new phase of monetary policy. The repo rate has been cut to 6.75%. Year-on-year inflation sits at 3.6%, and the inflation target has been revised down to 3%, with a one percentage point tolerance band. The downward revision of the inflation target was implemented to align the country with other emerging economies.
