Electricity prices affecting Reserve Bank's ability to cut interest rates

[Daniel Puchert]

Electricity price pain for the South African Reserve Bank

South Africa’s electricity prices have risen by over 600% since 2008, consistently outpacing headline inflation, pushing prices higher and making it more difficult for the Reserve Bank to cut interest rates.

Inflation cooled substantially throughout 2024, dropping below 3% in October and November as food and energy price increases slowed.

 

[The_MAC]

Can we stop saying Government and correctly call it the ANC

 

[akescpt]

But is here to stay so cut the damn rates