PSG Wealth’s chief investment officer, Adriaan Pask, said interest rate hikes are not the right mechanism for fighting inflation in all environments – particularly in South Africa, where economic growth is limited.
Inflation is a reality and yet in reality difficult to manage. 3min read.
The SARB’s latest Monetary Policy Committee (MPC) statement, delivered on 20 July, said the expected load-shedding is 280 days in 2023.
The increased likelihood of the El Niño weather pattern could see emerging markets – including South Africa – face stagflationary risks and higher food prices as soon as this year.
This is according to Schroders senior emerging markets economist David Rees, who defined El Niño as a periodic weather pattern typically observed every two to seven years, where a warming of sea waters in the Pacific Ocean disrupts the climate.
2.5 min read.