President Cyril Ramaphosa says global conflicts and rising oil prices could slow South Africa’s economic recovery. In his Presidency budget vote speech in Parliament, Ramaphosa said tensions in regions such as the Middle East have driven up energy and fertiliser costs, which may affect inflation and the cost of living. He cautioned that these external pressures could also weigh on economic growth and job creation in the short term:
Ramaphosa warns global shocks could slow South Africa’s recovery [SOUND]
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