World Bank says taming runaway inflation is SA’s biggest challenge

Runaway inflation is the most challenging macroeconomic problem facing SA and many other countries in Sub-Saharan Africa and restoring price stability is key for the region — as it is for the US and Europe, says the World Bank’s chief economist for Africa, Andrew Dabalen.

He was launching the World Bank’s latest Africa Pulse report, which said the Russia-Ukraine conflict had accelerated already upward trending inflation in Sub-Sahara and this was weighing on economic activity by depressing business investment and household consumption...