Exclusive: Iran war raises fears of South Africa rate cut delays

Exclusive: Iran war raises fears of South Africa rate cut delays

Standard Bank — Africa’s largest bank by assets — warned that the Middle East war will delay interest rate cuts in South Africa, its CEO told Semafor, joining a chorus of business leaders who say the conflict risks narrowing room for maneuver in Africa’s biggest economy.“Before this conflict, we expected South African interest rates to be cut three times this year. We now think it will be twice,” Sim Tshabalala said, citing the impact of higher …