South Africa Economy

COSATU warns fuel price hikes will push South Africans to the brink

South Africans will have to dig deeper into their pockets as fuel prices are set to increase from Wednesday, adding pressure on already stretched households. Both grades of petrol will increase by R3,27 per litre, while diesel will rise by R6.19 per litre. The department has attributed the increases partly to ongoing geopolitical tensions between the US and Iran, which have contributed to volatile global oil prices. The latest […]

May 4, 2026 148

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Ramaphosa warns of global economic impact as Middle East conflict deepens

President Cyril Ramaphosa has reiterated his call for an immediate ceasefire in the Middle East, as escalating tensions between the United States, Israel and Iran continue to disrupt global oil markets and fuel economic uncertainty. "It should lead to a negotiated settlement, and we are hopeful that there will be a negotiated settlement that will bring this nightmare to an end, and we want it sooner rather than later. In […]

April 7, 2026 101 1

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Interest rates hold steady as Middle East tensions cloud outlook

Economist, Dawie Roodt, says the decision to keep interest rates unchanged comes as no surprise, but warns that escalating tensions in the Middle East are creating uncertainty about the economic outlook. His remarks come after the South African Reserve Bank's (SARB) decision to hold the repo rate at 6.75%, with the prime lending rate remaining at 10.25%. Roodt however cautioned that the ongoing conflict is already driving up global oil […]

March 26, 2026 94

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Economists welcome 3% inflation, warn of future increase

Economist, Dawie Roodt, says the latest inflation data is a positive sign for the economy, noting that price pressures are easing faster than many had anticipated. Stats SA on Monday announced that annual CPI slowed to 3% in February, down from 3.5% in January, with prices rising by just 0.4% month-on-month. #SAInflation || Inflation eases further in Feb 2026. South African annual consumer price inflation cooled to 3,0% in February […]

March 18, 2026 29