
South Africa’s new inflation target gets its first big test
The Reserve Bank is not ruling out more rate tightening after successive fuel price jumps have revived inflation risks.

The Reserve Bank is not ruling out more rate tightening after successive fuel price jumps have revived inflation risks.

A R3-per-litre levy cut cushions April’s fuel spike, but rising oil prices and expiring relief point to steep increases ahead.
The fuel levy hike remains in force, but a broader court challenge over the finance minister’s power to increase taxes continues.