The fight against inflation should not be left to the Reserve Bank alone, said deputy governor-designate Fundi Tshazibana, citing high prices for utilities such as water and electricity.
Water prices have risen far above the upper end of the central bank's inflation target of 3-6%, though this can by explained by the impact of the drought, which placed further constraints on the economy. Municipal tariffs have been risen significantly, also above the upper band of the inflation target, while electricity prices continue to soar...
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