Rising Cost of Living May Fuel Social Tensions, Economist Warns - South African News... allafrica: SouthAfrica
, the rising costs of food, fuel and electricity may give rise to social tensions, Efficient Group economist, Dawie Roodt has warned. Roodt explains that the"toxic mixture" of weak economic growth along with the rising cost of living may be what sparks an uprising, an issue that may be compounded when election campaigns next begin with politicians making grandiose promises.The South African Reserve Bank is conducting investigations and testing a central bank digital currency ,.
governor Lesetja Kganyago spoke at the annual World Economic Forum meeting in Davos, Switzerland and said South Africa would implement rapid development of central bank currencies based on results of similar tests made by other nations at further stages of development.The window for Covid-19 booster shots aimed at over-18s has been extended to the end of January,.
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