Kganyago told Members of Parliament that the recent increase in core inflation points to second round effects which could result in more workers demanding higher wages,The bank expects core inflation to average 3.9% this year. South Africa has since the onset of the COVID-19 pandemic faced multiple economic issues such as unemployment,While the country’s growth remains low and inflation high, Kganyago says commodity prices are starting to moderate.
Kganyago expects the second quarter growth to slow from the previous quarter due to the recent floods in KwaZulu-Natal and rolling blackouts among other factors.
Ja we have to keep forking out money to feed the already bloated goats
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