SOUTH Africa risks being rocked by strong economic headwinds in the coming months as the “conflict between Russia and Ukraine” impacts the global economy, says president Cyril Ramaphosa.
Speaking at an event hosted by asset manager NinetyOne on Wednesday, Ramaphosa said the economic turmoil comes just as South Africa and other countries recover from the two-year-long Covid pandemic.
“Just as we have not been spared the economic impact of the global Covid-19 pandemic, so too will South Africa be affected by the conflict between Russia and Ukraine,” he said.
Ramaphosa and the South African government has refused to call Russia’s attacks on Ukraine an invasion or a war, with the country’s official stance being neutrality – calling for both countries to end hostilities.
“We are already seeing the impact of the conflict on global commodity prices and, should the conflict continue, we will see its effects on many parts of
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