With South Africa’s petrol price set to reach record levels in July, inflation is expected to surpass the 7% range, says Himal Parbhoo, chief executive of FNB Retail Cash Investments.
The government said Monday (4 July) that it will end a temporary reduction in the fuel levy in August as it announced a 10.6% increase in the petrol price, Bloomberg reported.
The reduction of R1.50 in the…
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