inflation

South Africa’s consumer inflation climbed to 3.0% in June, up from 2.8% in May, as household budgets face ongoing strain from rising goods prices, according to Statistics South Africa (Stats SA). The increase was largely fueled by a surge in food prices, which reached a 15-month high. Stats SA reported that the annual rate for […]

TRIANGLE, CHIREDZI- Tongaat Hulett Zimbabwe, one of the country’s largest sugar producers, has announced plans to lay off 1,000 workers by August 2025. This decision is part of a broader strategy to manage rising operational costs, driven by the nation’s inflation and currency instability. The company, which employs approximately 16,000 people across its two sugar […]