By the end of the decade, oil prices had tripled and inflation reached post-war highs around the world. The early 1960s, amid the introduction of a new currency, also saw signs of inflation, resulting in anti-inflationary measures that, by 1967, slowed the rate of price increases.
These troubles ushered in a period of economic policy reform that eventually led us to the modern approaches to monetary and fiscal policy that we see today. Leading up to the 1980s, South Africa was in deep political and economic turmoil.