The core inflation rate probably increased at the fastest pace in six years in February, spurred by a sharp rise in health-insurance premiums, Absa Group said.
The government must make good on its promises to deliver structural and economic reforms aimed at improving infrastructure and bolstering business conditions to revive capital expenditure, according to a report by the Absa Group.
South Africans face record high petrol prices in June as a subsidy to help motorists counter the impact of high crude costs worsened by Russia’s invasion of Ukraine comes to an end.