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Fuel and electricity price increases may drive country into recession, according to economist, Dawie Roodt. The R1.62 a litre increase in the price of 95 octane fuel together with the 14.25% increase in electricity tariffs for municipal users could drive South Africa into a full-blown recession. Roodt said this was the largest fuel increase in… Continued

BUSINESS NEWS – The expected price increase in the price of petrol by around 80 cents a litre as well as a substantial increase in the cost of electricity is going to hit the consumer like a ton of bricks. Independent economist Dawie Roodt said the fuel price increase was largely due to the weakening… Continued

Consumer debt will remain high despite the upcoming drop in fuel prices, a debt counsellor said on Monday. “The drop in the retail price of petrol of 45 cents a litre on Wednesday will bring welcome relief to deeply indebted South Africans, but the overall indebtedness of consumers remains a problem,” Debt Rescue CEO Neil… Continued

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