# Coface: South Africa Faces High Country Risk as Inflation Pressures and Sector Challenges Persist

> Coface’s latest risk review says renewed conflict involving Iran and the US, as well as the Russia-Ukraine war, has strained supply chains and pushed up commodity prices. It reports that oil and natural gas prices have risen sharply, while wheat is up 40% year over year amid Black Sea port strikes and European heatwaves; inflation concerns have also prompted central-bank rate increases.

- Date: 2026-11-08 · published 2026-11-08T21:10:07.667Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/88005-coface-south-africa-faces-high-country-risk-as-inflation-pressures-and-sector
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Disrupted energy and grain flows, alongside heat damage, tighten supply and support prices, with wheat specifically facing upward pressure. Higher energy and financing costs can also raise feed-production and transport expenses.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- WHEAT: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-02-24 | [Food inflation risks balloon as prices of wheat to palm oil soar \| INTERNATIONAL ECONOMY NEWS - Business Standard](https://feedsoft.ai/events/9675-food-inflation-risks-balloon-as-prices-of-wheat-to-palm-oil-soar-international.md) | +6.8% | +25.3% |
| WHEAT | 2022-03-02 | [Wheat Futures Price Soars to 14-Year High as Russia Invasion Chokes Trade - Bloomberg](https://feedsoft.ai/events/42310-wheat-futures-price-soars-to-14-year-high-as-russia-invasion-chokes-trade.md) | +6.9% | +20.3% |
| WHEAT | 2023-03-27 | [Regional war, global consequences: Mounting damages to Ukraine’s agriculture and growing challenges for global food security \| IFPRI](https://feedsoft.ai/events/14411-regional-war-global-consequences-mounting-damages-to-ukraine-s-agriculture-and.md) | +10.6% | -4.5% |
| WHEAT | 2022-04-06 | [The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/4033-the-ukraine-conflict-and-other-factors-contributing-to-high-commodity-prices.md) | -2.3% | +3.8% |
| WHEAT | 2026-04-29 | [As nitrogen-based fertilizer prices soar, global food inflation looms - The HinduBusinessLine](https://feedsoft.ai/events/7255-as-nitrogen-based-fertilizer-prices-soar-global-food-inflation-looms-the.md) | -3.1% | -0.4% |
| WTI | 2026-01-27 | [Crude Prices Jump to a 3-Month High on Dollar Weakness and Iran Risks](https://feedsoft.ai/events/21231-crude-prices-jump-to-a-3-month-high-on-dollar-weakness-and-iran-risks.md) | +2.1% | +8.4% |
| WTI | 2022-04-06 | [The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/4033-the-ukraine-conflict-and-other-factors-contributing-to-high-commodity-prices.md) | -1.4% | +5.7% |
| WTI | 2026-03-18 | [Ag shippers face rising diesel costs, and farmers could share the bill \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/20357-ag-shippers-face-rising-diesel-costs-and-farmers-could-share-the-bill-agri.md) | -3.3% | -3.8% |

## Sources

- businessexplainer.co.za: https://businessexplainer.co.za/economy/2026/11/08/coface-south-africa-faces-high-country-risk-as-inflation-pressures-and-sector-challenges-persist/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.