Last week the Russian invasion of Ukraine had economic ripple effects as far away as South Africa. Our links with these economies are limited. Only 0.4% of our total exports go to Russia and only 0.7% of our imports come from Russia. The impact on South Africa works through the international prices of certain commodities and the markets are pricing in potential disruptions in supply due to the conflict and the sanctions against Russia.
* The Economics Minute is supported by the NWU Business School.
