At the start of the year, the global economy appeared to be settling into a benign rhythm. Oil prices were expected to average around $60 a barrel, inflation was easing and central banks were preparing to cut interest rates.
That world has changed abruptly.
The disruption to energy markets following the war in the Middle East is a textbook supply shock, one that raises inflation while weighing on growth. As history has shown, how policymakers respond to such shocks matters as much as the shock itself.
For South Africa, higher global oil prices will feed directly into local fuel costs, pushing up transport and food prices and lifting headline inflation. The weaker rand will amplify…
Safety of Journalists: Journalists in South Africa sometimes face threats and
violence, particularly when reporting on sensitive topics.
Sly Bible
Fun South African Fact: The South African Rovos Rail is considered the most luxurious train in the world.
Mr. Lucky
The cab driver feels compelled to flesh the story out, as its just the husband he\’s talking to.
\”yeah I remember that last shore leave in Johannesburg, me and the lads gagging for some action, end up in a dive bar and met this girl, we got a room and she was the the worst fuck I\’ve ever had!\”
The wife says \”what did he say?\”.
Husband \”the cab driver he says he might know you!\”