Prolonged conflict in the Middle East could drive higher inflation, elevated fuel prices and slower economic growth in South Africa, National Treasury director-general Duncan Pieterse warned on Thursday.
Addressing the South African National Editors Forum Sanef in an online briefing on March 19, Pieterse emphasised the uncertainty over the wars duration.
Pieterse said during a post-budget invest engagement in London a few weeks ago, that major bond investors who have access to senior leadership in the American military and elsewhere said feedback received from generals was that they anticipated that the war would not last more than three to four weeks.
