The Economic Challenges These Countries Are Facing allafrica: Africa
and food shortages on the continent. The road to economic recovery is expected to be long, and the situation will likely worsen before any light is seen at the end of this tunnel. and resulted in increased inequalities and vulnerabilities on the continent.
In South Africa, consumers are in for another shock as interests rates are expected to be hiked by the South African Reserve Bank by 25 basis points this month. The hike will once again impact heavily on food and fuel prices, and many will be struggling to pay their home loans. South Africa also saw the calls for aon March 20, 2023 by opposition party Economic Freedom Fighters .
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