South Africans could face rising living and borrowing costs after inflation accelerated to 4% in April, with economists warning that fuel-driven global price shocks — not domestic demand — are complicating the South African Reserve Bank’s interest rate outlook

SA is a net importer of oil and is particularly vulnerable to global market turmoil

April 2026 sees a significant rise in South Africa's Consumer Price Index, driven by soaring fuel prices. StatsSA reports the highest inflation since August 2024, with petrol and…