One of the key concerns is the local fuel price, with global oil prices expected to continue climbing in the coming weeks.
Daily petrol price data from the Central Energy Fund shows South Africa is currently on track for a petrol price hike of between, although this could be even higher if global oil prices continue to climb.
Bishop said the local currency is expected to be less impacted by the war as it has been supported by commodity prices and the markets have viewed the Russian/Ukraine conflict as more of a supply disruption than a severe threat to global growth.
Source: Financial Digest (financialdigest.net)
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