The price of a traditional South African barbecue rose at a slower pace for a second straight month, suggesting that food costs may cool further before the El Niño weather phenomenon scuppers the downward trend.
Onion, cooking oil, carrots, and corn meal prices were the biggest contributors to the decline in the index.Central Bank Governor Lesetja Kganyago said at a monetary policy committee briefing on Wednesday that South Africa is “at a difficult juncture” regarding food prices. Hot and dry weather caused by El Niño may lead food inflation to pick up again, he said.
The central bank’s models show severe drought conditions could add 10 to 28 percentage points to food inflation.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa: Will South Africa's Voters Survive the Disinformation Deluge?The biweekly report by the Centre for Analytics and Behavioural Change (CABC) sheds light on what they describe as concerning trends in online activity leading up to South Africa's general elections.
Source: allafrica - 🏆 1. / 99 Read more »
South Africa: African Games - South Africa Overtakes Nigeria On Medals TableWhile Team Nigeria added three silver and four bronze medals, it wasn't enough to maintain their second-place position.
Source: allafrica - 🏆 1. / 99 Read more »
South Africa’s biggest insurer warns of ‘short-term pain for long-term gain’Sanlam has seen record earnings, and believes that major structural challenges facing the African continent will be resolved.
Source: BusinessTechSA - 🏆 24. / 61 Read more »
Central Africa: Africa/Central Africa - the New Cold War Passes Through MercenariesIs the Central African Republic a 'Paradise of mercenaries'? The country has long been the scene of the intervention of various private military companies (PMCs), at least since March 2003, when François Bozizé took power in a coup supported by France against President Ange-Félix Patassé.
Source: allafrica - 🏆 1. / 99 Read more »
Right of reply: Minister of human settlements Mmamoloko Kubayi responds to Africa Check’s commentary on housing numbersSouth Africa's minister of human settlements has responded to an article written by Africa Check.
Source: BoksburgNews - 🏆 40. / 51 Read more »
FBS and Education Africa Drive Positive Changes in Masibambane College with Restored FacilitiesFBS and Education Africa continue their community development journey, fulfilling another charity initiative in South Africa.
Source: TheSAnews - 🏆 25. / 59 Read more »