
South Africa’s Mid‑2026 Outlook: Oil, Rand & Resilience
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PwC Chief Economist Lullu Krugel unpacks South Africa’s slowing but still‑intact recovery as the country enters H2 2026. We explore the cost‑push shock from Middle East tensions, the rand’s volatility, rising input costs, and the implications of a 7% repo rate. Krugel breaks down sector winners and laggards, inflation risks, and the key swing factors shaping the next six months

