More pain for consumers as repo rate is hiked

Deeply indebted consumers must prepare for yet more pain after the Reserve Bank decided to increase the repo rate by 25 basis points, pegging the rate at 6%… Neil Roets, CEO of one of the largest debt-counselling companies in South Africa, Debt Rescue, said the increase comes at a time when electricity tariffs and the […]

Petrolprys is Dol

AL SAL die verwagte petrol- en dieselprysverlaging verligting bring vir verbruikers wat klaar diep in die skuld staan, kan dié verligting net tydelik wees, maan Neil Roets, CEO van Debt Rescue Vrydag. Die petrolprys sal na verwagting dié week met 51 c per liter afneem en die dieselprys met sowat 75 c per liter. Hoewel hy die […]

Petrol price drops at midnight

Johannesburg – Motorists can now enjoy some extra cash in their pockets thanks to the drop in petrol price which will be effective from midnight. The Department of Energy announced that all grades of petrol would cost 51 cents less a litre, while consumers would have to fork out just 75 cents less for a […]

Fuel Price Decrease: Only now, or forever?

Since most South Africans cry into their hands when filling up at their local garage, the Department of Energy’s announcement that petrol prices will be going down on Wednesday, is welcome news. The reduction we can expect, is a smile-inducing 51 cents per litre, across all grades. However, analysts say we shouldn’t break out the […]