FNB CEO Harry Kellan warns the escalating Iran conflict could derail South Africa's nascent economic recovery. South Africa's GDP growth, previously projected to accelerate to 1.5% and beyond, now faces significant headwinds due to soaring oil prices and inflation. The rand has plummeted 6.7% against the dollar since February, marking the worst performance among major currencies, while the local stock market has suffered a 20% decline in dollar terms. Kellan stated the conflict 'puts a damper back on growth,' potentially pushing the country's GDP below the 1% threshold previously avoided.