South Africa must get ready for the chop

• South Africa's GDP growth rate is forecast to drop by 0.6 percentage points, from 1.6% to 1.0% in 2026, due to rising fuel prices and international conflict.
• The Monetary Policy Committee has raised interest rates twice in the last year in response to higher inflation, largely driven by fuel prices.
• South Africa's debt-to-GDP ratio is likely to have narrowed to 3.2% of GDP in 2026/27, outperforming the February forecast.