Conflict in the Middle East and El Niño are driving up food and oil prices, contributing to inflationary pressures in South Africa.
14 reports, 9 independent
Updated Sep 10
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What happened
Conflict in the Middle East and El Niño are driving up food and oil prices, contributing to inflationary pressures in South Africa.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- FNB monitors the residential property market in South Africa amid global inflation expectations driven by the Middle East conflict.Sub-event
SARB raised repo rate to combat continent-wide inflation driven by Middle East conflict risks.1 source
SA faces rising inflation due to Middle East conflict and drought conditions from El Niño.1 source
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The entities involved
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South Africa
country in southern Africa
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South African Reserve Bank
central bank
Related events
- Global conflicts and a strong El Niño warning are affecting global fuel and fertilizer access, impacting South Africa.
- Escalating conflict in the Middle East is causing oil prices to rise, impacting global markets tracked from London and the New York Mercantile Exchange.
- The South African Reserve Bank Governor announced a policy rate increase amid global supply chain disruptions and war-driven inflation.
- South Africa and Cape Town are facing resource strain due to low rainfall.
- El Niño is expected to trigger severe drought in Namibia, threatening livelihoods and agriculture in Botswana and South Africa.