The month of March has been marginally positive for the consumer, with a recovery in the ZAR to a 20-month low of ZAR12.31/USD, although the political events of the last few days of the month caused the rand to weaken to ZAR13.33. Motorists can expect a relief of 24c/litre and 9c/litre at the pump for petrol and diesel respectively. CPI and PPI slowed in February, extending on January’s inflation decline. Lastly, the South African Reserve Bank announced that the repo rate will remain unchanged at 7%.
