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May petrol price hike will perpetuate the vicious cycle of poverty among SA consumers

May petrol price hike will perpetuate the vicious cycle of poverty among SA consumers
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May petrol price increase will hit consumers in many ways

The oil price is again the main culprit behind the higher petrol price, while the Rand also depreciated against the US dollar.

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Repo rate expected to remain unchanged

Repo rate expected to remain unchanged
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Inflation down but not expected to change repo rate

Statistics South Africa announced this morning that the average inflation rate for 2023 was 6,0%, much lower than 2022’s 6,9%.

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Fiscal, trade, industry policy framework and structural issues are key elements resulting in currency devaluation in Malawi—DCG Chief Economist Chifipa Mhango

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