Sustained fuel price increases could stoke inflation and keep interest rates higher for longer as SA heads into an election year.
Fuel price increases could stoke inflation and keep interest rates higher for longer as SA heads into an election year., the outlook for further increases is predictably murky.
The consensus is that oil prices are unlikely to breach the dreaded $100 mark, offering some comfort for stretched consumers in coming months.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Global stocks flirt with longest losing run in two years as $100 oil loomsWorld stocks were on track for their longest losing streak in two years on Thursday as the sight of oil prices nearing $100 a barrel compounded concerns about persistently high global interest rates.
Read more »
FSG sell minority stake in Liverpool to private equity fundLiverpool owners Fenway Sports Group said on Thursday they have sold a minority stake in the Premier League giants to US private equity group Dynasty Equity. The Athletic reported that the investment from Dynasty Equity is worth between $100 million (£82 million) and $200 million.
Read more »
US Government Shutdown to Cost Small Businesses $100Mln in Loans Per DayMOSCOW (Sputnik) – The White House warned Friday that small business could fall short of more than $100 million in critical financing every day of a looming government shutdown this October, with “devastating” consequences. Sputnik News South Africa Today – World News
Read more »
Zimbabwe holds key interest rate at 150% in first MPC after electionsZimbabwe’s central bank retained the world’s highest borrowing costs at its first rate-setting meeting since Emmerson Mnangagwa was re-elected president last month. The monetary policy committee (MPC) maintained the benchmark interest rate at 150% for a second straight meeting, Governor John Mangudya said in a statement Thursday. “The MPC noted with satisfaction the sustained decline
Read more »