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The realisation that inflation will persist at higher levels and for longer than originally expected has driven a difficult and volatile start to the year for global markets.
Positive surprises are always welcome. In a country chronically short of good news, there was some last week in the form of data showing the South African economy has been performing much better than expected.
South African inflation is predicted to average around 6% in 2022, potentially peaking at around 7% this year[1]. South Africa is not alone in experiencing inflationary pressures, with elevated inflation levels eating into consumers’ disposable income across many major global economies.
The rising cost of living continues to tighten its grip on the economy, giving scammers, fraudsters and hustlers the green light to prey on those desperate enough (and potentially unaware of the dangers) to choose an easy way out of the financial hole they have fallen into.
The strongest deterrent against FSP compliance missteps is or should be: