In The Press

The industry’s top experts offer their best advice, research, how-to’s, and insights

Government’s petrol price intervention Government’s petrol price intervention could mean even higher prices in October and beyond: Dawie Roodt Government’s ‘artificial’ support for the fuel price, to counter the 23-25 cents a litre increase that had been expected, will come back to haunt consumers in months to come, says economist Dawie Roodt. The department of… Continued

Despite the loss of another 105,000 jobs in the second quarter of 2018, and the fact that Reserve Bank governor Lesetja Kganyago admitted that the current economic growth trajectory remained too low to tackle South Africa’s unemployment crisis, the government seems hell-bent in continuing with legislation to write off the debts of certain groups of debtors.… Continued

With the petrol price hitting a record high at midnight on Tuesday, economist Dawie Roodt says things are not looking any better for August. Petrol will be increasing by 24 cents and 26 cents for 93 and 95 octane petrol at midnight, taking the price over R16 per litre for the first time in South… Continued

The wave of positive sentiment following Cyril Ramaphosa’s election as president in the first quarter, has faded in the second due to a number of factors including record fuel prices, a tax hike, a local currency firmly on the back foot, and most recently, the return of load shedding. Consumers are also feeling the very… Continued

South Africans can expect a massive increase in the fuel price when they fill up at the pumps next week, thanks mainly to rising international oil prices. Brent crude oil traded at around $76 on Tuesday, having peaking above $80 earlier in the month, and with analysts noting that prices could head toward $100 a… Continued

Economist Dawie Roodt believes that the price of fuel in June will spike to its highest level ever. On Tuesday (15 May), the Automobile Association (AA) said that it South African fuel users are currently facing increases of 74 cents a litre for petrol, 81 cents for diesel, and 78 cents for paraffin commenting on unaudited mid-month… Continued

The rand targeted a push below R12 against the dollar on Wednesday as the JSE’s all share index reached a new high, while investors wait for additional clues from Cyril Ramaphosa on how he plans to rejuvenate the economy and when President Jacob Zuma might step down. Ramaphosa, the recently elected ANC president, is leading a… Continued

A senior investment executive at Rand Merchant Investments says that Bitcoin’s volatility will continue in 2018, but it could begin to emerge as a payment system in South Africa. Having soared more than 1,500% in 2017, Bitcoin has experienced extreme levels of volatility since mid-December. From a peak of nearly $20,000, the largest digital currency… Continued

South Africans are pawning their cars and taking out second bonds to buy Bitcoin: debt expert A debt expert says that a rapidly growing number of deeply indebted consumers are getting themselves into financial trouble by investing in cryptocurrencies including Bitcoin and Ripple. Neil Roets, CEO of debt counselling company, Debt Rescue, said he was… Continued

Consumers are in for yet another price shock when the price of fuel is expected to skyrocket in December. Independent economist Dawie Roodt said that thanks to the plummeting rand and rapidly increasing crude oil prices, South Africans can expect to pay as much as 70 cents a litre more for petrol in December while… Continued

A new survey conducted by insurer 1Life shows that South Africans are struggling financially, with high levels of debt putting pressure on households and leaving little room for monthly expenses. The group conducted the survey in July, testing consumers’ understanding of saving and financial responsibility. Addressing the survey results, 1Life said that despite knowing how important saving… Continued

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