South Africa is facing the prospect of an increase in borrowing costs as inflation rates have surged significantly. According to recent data from Stats SA, consumer inflation rose to 4% year-on-year in April, a notable increase from 3.1% in March. This marks the highest inflation level recorded since August 2024, prompting concerns within the country's central bank regarding the potential need for an interest rate hike to manage the economic pressures.
Don't miss out on breaking stories and in-depth articles.
