South Africans set for tough year as costs rise, stimulus wanes

South African consumers are in for another difficult year, with energy and fuel prices likely to surge and the central bank and government set to remove the stimulus that’s helped them cope with the damage caused by the coronavirus pandemic. It’s forecast to quicken to 4.9% this year, according to the median of 21 economists’ estimates in a Bloomberg survey.

Its reinstatement after deadly riots in July significantly bolstered sentiment among low-income households in the third quarter. Increased pressure on consumers would weigh on the recovery of an economy in which household spending accounts for about 60% of gross domestic product. © 2022 Bloomberg jQuery.on { event.preventDefault; jQuery.animate).offset.top }, 500); }); jQuery.ready { jQuery.bind { jQuery.lightBox }); function getSelectedText { if { var range=window.

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