Anchor Capital lifts South Africa 2026 inflation forecast to 4.8%

• Anchor Capital flagged South Africa’s June 2026 headline inflation at 5% YoY, above 4.7% consensus, with core inflation rising to 4.1%.
• Transport inflation accelerated to 12.7% YoY, lifting overall price pressures; monthly headline inflation held at 0.7%.
• It lifted its 2026 average inflation forecast to 4.8% from 4.5% on higher oil prices tied to renewed US-Iran tensions.
• Brent above USD 90/bbl was seen raising fuel costs, with knock-on risks to fertiliser, transport, food prices later in 3Q26.
• It expects the SARB MPC to raise the repo rate by 25 bps at its July 23 meeting to contain inflation expectations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Anchor Capital (Pty) Ltd published the original content used to generate this news brief on July 22, 2026, and is solely responsible for the information contained therein.