Page 10 - Maarten Ackerman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The conflict in Ukraine might be geographically far removed from South Africa, but its ripple effect might soon be felt by local consumers. If the Russian invasion of Ukraine - described by some as the darkest hour for Europe since World War 2 - is not resolved quickly, South Africa could feel a squeeze from spikes in petrol prices, as well as earlier and bigger interest rate hikes by the South African Reserve Bank to curb inflation, and higher bread prices.

A recent rand rally has been surprising, given that the US Federal Reserve indicated that it may hike interest rates faster than previously expected.

'The MTBPS is often more about policy than nitty-gritty numbers, but it does tell the market where the governing party is taking our finances.'

South Africa’s economy will have to ramp-up activity in order to achieve the growth forecast of 4.2 percent in 2021 as Covid-19 continued to impact growth.

LOCAL: What are South African households spending more on currently? Updated East Coast Radio Share this: Stats SA released some key information for South Africans on Tuesday and one of the key insights revealed that South Africa's economy grew by 1.1% in the first quarter of 2021. Pixabay/https://pixabay.com/ When we think about budget speeches and financial updates on the statistics in terms of South Africa's economical state of affairs, somehow it gets us feeling sweaty-palmed and a bit nervous... We're not sure what the reason behind it all is exactly, but perhaps it's the reality of it...