South Africa's finance minister Enoch Godongwana on March 5
South Africa's finance minister Enoch Godongwana on March 5Photographer: Betty Laura Zapata/Bloomberg

Godongwana warns oil shock may hit South Africa’s inflation

Middle East conflict pushes oil prices higher, raising inflation risks for South Africa even as the government hopes fiscal reforms will keep debt on track.
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Key topics:

  • Middle East conflict drives oil spike, raising SA inflation risks

  • Government buffers may keep debt plans on track despite shocks

  • Budget optimism faces uncertainty from global turmoil and trade impacts

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By Anna Edwards and Lizzy Burden

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