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Ukraine-Russia conflict negatively affecting food, oil prices: Ramaphosa

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President Cyril Ramaphosa has cautioned South Africans that the ongoing conflict in Ukraine could reverse the progress made by the South African government in improving services.

Ramaphosa says while government has made gains, global events often erode these efforts. During his delivery of the keynote address at the official commemoration of Human Rights Day in Koster in the North West, Ramaphosa said the conflict was affecting South Africa’s food and oil prices.

“We see a number of these gains being eroded. We are moving backwards, this is not only because of COVID-19 but also global events. Right now there is a huge war raging in Ukraine and Russia and the gains we have been making are going to be reversed because our fuel and food prices are going up. We are trying to determine ways to improve the country but the war in Ukraine is setting us back. Instead of moving forward, we are finding that we are moving back.  These are external factors but there are also internal factors which are within our control. Internal factors.”

 

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