South Africa's inflation rate surged to 4% in April, driven by soaring fuel costs, prompting expectations of an interest rate hike by the South African Reserve Bank. Experts warn of continued inflationary pressures linked to global events and domestic challenges.

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…