The conflict in Ukraine might be geographically far removed from South Africa, but its ripple effect might soon be felt by local consumers. If the Russian invasion of Ukraine - described by some as the darkest hour for Europe since World War 2 - is not resolved quickly, South Africa could feel a squeeze from spikes in petrol prices, as well as earlier and bigger interest rate hikes by the South African Reserve Bank to curb inflation, and higher bread prices.
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