Tariffs, China Deflation Cloud South Africa CPI, Kganyago Says

South African central bank chief Lesetja Kganyago flagged that dollar depreciation because of US tariffs and deflation in China are clouding the outlook for inflation locally ahead of a rate-setting meeting at the end of the month.

After reneging on plans to impose sweeping duties on US trading partners earlier this year, President Donald Trump renewed his threat to institute them by Aug. 1 unless nations reach bilateral trade deals with it. The country is South Africa’s largest trading partner after China.