

The R3 per litre fuel levy relief granted to South African motorists in April is going to come back to bite, one way or another.
No more relief of the same kind is currently expected—but even if it were, it would just delay the inevitable.
This is the warning from Investec Chief Economist Annabel Bishop, who says that the longer the US-Iran war continues, the harder local inflation will be hit.
That, in turn, will lead to interest rate hikes—even above the one that…
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