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Kevin Warsh. Win McNamee/Getty Images
BOND YIELDS

What Warsh’s comms experiment means for South Africa 

A less communicative Federal Reserve under chair Kevin Warsh isn’t all bad news for emerging markets

  • Enzokuhle Sabela
5 min read
CAPE TOWN, SOUTH AFRICA – MARCH 31: A petrol attendant fills a car on March 31, 2026 in Cape Town, South Africa. Motorists in South Africa are expected to see the price of petrol rise by about 15% and diesel up to 40%, despite the South African government introducing a reduction in fuel levy for April by 3 rand, as the global supply chain continues to be impacted by the conflict in the Middle East, and Iran’s closure of the Strait of Hormuz. (Photo by Per-Anders Pettersson/Getty Images)
CHRIS HATTINGH

Fuel relief puts Godongwana (and Kganyago) in a bind  

Treasury’s fuel-price relief ends in July, and if the Iran war drags on, the prime interest rate could surge above 11.5%

  • Vernon Wessels
  • Enzokuhle Sabela
5 min read