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.

South Africa’s economy faces renewed pressure after the IIF downgraded growth forecasts, warning that rising oil prices and Middle East tensions could push inflation higher and…

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