An economist says South Africans should support the Reserve Bank as it battles rising inflation, which means several interest rate hikes will have to be implemented Consumer Price Inflation for May came in at 6-point-5%, far higher than expectations, and breaching the Reserve Bank’s preferred target band, between 3 and 6%. Hiking interest rates is the main tool to combat inflation.

The recent hike in the petrol price is causing Cape Town taxi commuters massive financial strain as transport fares across the Cape Peninsula have increased once again. In June, taxi associations decided to up their fares from between R1.50 to R3 per trip, depending on where you travel from. With some paying as much as about R1 300 a month on transport, commuters say it feels like they’re always getting the short end of the stick.