Diesel fuel costs, weaker rand to place pressure on inflation, export-competitiveness
Financial brokerage and asset management firm EBC Financial Group (EBC) warns that the R3-a-litre levy cut will provide relief only for a month, while Brent-linked diesel costs and a weaker South African rand will continue to put pressure on inflation and South Africa’s export competitiveness. Official price calculations show why the levy cut is not designed to be a permanent offset when global inputs move quickly, the firm says.
Financial brokerage and asset management firm EBC Financial Group (EBC) warns that the R3-a-litre levy cut will provide relief only for a month, while Brent-linked diesel costs and a weaker South African rand will continue to put pressure on inflation and South Africa’s export competitiveness. Official price calculations show why the levy cut is not designed to be a permanent offset when global inputs move quickly, the firm says.
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