South Africa’s inflation rate has fallen to a seven-year low, official statistics showed Wednesday, as food prices were tempered by improved rainfall with the easing of a national drought.
Economist Davie Roodt says the Value Added Tax increase and the sugar tax will affect the middle class and poor households the most.
Some banks in Namibia have responded to the repo rate cut announced by the central bank Wednesday.
Life is getting tougher for Nigerians. Inflation hit its highest level since 2005 in January, running at an unexpectedly high 18.7 percent.