CARTOON: Bumpy ride for SA

Mmamoloko Kubayi admits the party will not meet its National Development Plan goals by 2030, writes Tom Eaton

The high exposure of SA’s basic fuel price to international factors limits government’s options for introducing measures to curb steep increases

Country needs to levy lower taxes on growing middle class not higher taxes on smaller middle class

The inflation rate for May marks the 12th consecutive month in which annual inflation has been higher than midpoint of the Reserve Bank’s target range

The 50 basis points increase to 4.75% came despite the Bank reducing its GDP growth forecast for 2022 to just 1.7%

Economists warn there is no guarantee of upgrades to junk-rated sovereign debt in the next two years