Ukraine-Russia conflict negatively affecting food, oil prices: Ramaphosa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Ukraine-Russia conflict negatively affecting food, oil prices: Ramaphosa - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.
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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.

President Cyril Ramaphosa officially opening the new Reagile Community Library in Koster, Kgetlengrevier Municipality in the North West province, ahead of delivering the Keynote address at the Human Rights Day even, 21 March 2022President Cyril Ramaphosa officially opening the new Reagile Community Library in Koster, Kgetlengrevier Municipality in the North West province, ahead of delivering the Keynote address at the Human Rights Day even, 21 March 2022could reverse the progress made by the...

. It’s expected that Statistics South Africa will announce a higher inflation rate on the back of increasing oil, fuel and food prices.Economist, Isaac Matshego says the repo rate is widely expected to increase by 25 basis points. He says“We expect the inflation rates to increase slightly to 5.9% from 5.7% and the main drivers will be high fuel prices and insurance. We are likely to get a petrol price increase of R2 a litre and diesel increasing by around R3 a litre.

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