World
IMF lowers South Africa's 2026 growth forecast to 1%
The IMF now expects inflation to average 4.4% this year, up from the 3.9% it forecast in April, and unemployment to average 33.2%, against 32.5% in April.
South Africa's news, from the source
Consumer and producer price inflation as measured by Stats SA, and what drives it.
The IMF now expects inflation to average 4.4% this year, up from the 3.9% it forecast in April, and unemployment to average 33.2%, against 32.5% in April.
Cheaper fuel, chemicals and electricity in August slowed the rise in mining costs, but gold and PGM mines faced input cost inflation of 4.2%, the highest in the industry.