Consumer inflation increased in June but was lower than markets’ expectations.
South Africa will find it harder to raise funds and service its foreign debt after a worsening of external financing conditions in recent months due to a fall in the rand and rising bond yields, Moody’s said on Tuesday.
Depending of fuel type and grade, geographical location etc, the litre price of petroleum fuels will now generally exceed R16 a litre.
South Africa’s rand firmed on Friday as the dollar fell, but was on track for a weekly loss as escalating global trade tensions and concerns over the health of the local economy weighed on sentiment.
South Africa’s rand retreated by more than one percent on Monday, while shares also wilted over resurfacing worries of a global trade war dented demand for riskier emerging markets.
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