Poor, pensioners among hardest hit by inflation: Economist - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 05/07/2022 07:10:00
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ICYMI: Economist Dr Iraj Abedian says the poor and pensioners are among the hardest hit by the high inflation rate and fuel hikes in South Africa as prices of goods and services are on the rise.

Abedian says government’s hands are tied.

SABC News Economics Editor Tshepo Mongoai says farmers are also struggling with an increase in input costs: Higher fuel prices have been pushed up by a weaker rand/dollar exchange rate, rising Brent Crude Oil prices on the back of the conflict between Ukraine and Russia, and rising demand in China, among other factors.

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