Inflation in South Africa rose to 7.1% in March, up from 7.0% in February. The main culprit was food inflation, which increased to 14.4% from 14%. Economists believe that this is largely due to electricity supply disruptions and the increased cost associated with doing business in these conditions.
Loadshedding is a major concern for businesses and consumers in South Africa. It has caused production disruptions, led to higher prices, and made it difficult for people to get around. The government is working to address the problem, but it is a complex issue that will take time to resolve.
In the meantime, inflation is likely to remain high. This will put pressure on household budgets and could lead to a slowdown in economic growth. The government will need to take steps to mitigate the impact of inflation, such as providing relief to low-income households and supporting businesses.
To find out more about the current market situation, read the April market watch below
Missed last month and need to catch up? Read the March market watch here.
