Businesses brace for VAT hikes, and strike could cripple South Africa

BusinessTech

South African markets face new risks as South African Reserve Bank warns of global uncertainty impacting economic growth, potentially reducing growth by 0.7ppts. Interest rate cut possibilities narrow. Rand weakens to above R19.00 to the dollar, but not as bad as previous week’s low of R19.93/$ due to Trump tariffs and political instability.
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