Economy

Inflation increases in June

South Africans waiting for price relief from government

What to expect from July’s interest rate decision

The risks to the inflation outlook may have shifted further to the upside since the last Monetary Policy Committee (MPC) meeting of the South African Reserve Bank (SARB) in May. The vulnerability of the rand exchange rate and lower-than-expected economic growth are likely to be key themes as the MPC convenes on 17 to 19 July to deliberate a suitable interest rate stance to keep inflation inside of the target range of 3%-6% annually.

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Fourth consecutive fuel hike will hit the consumer

As expected, another fuel hike is scheduled for midnight Wednesday 4th which is going to hit the consumers hard.