Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin, says the Automobile Association (AA). “A spike in international oil prices and a huge swing in the Rand/US dollar exchange rate have combined to predict a knockout blow at the pumps at… Continued
Brief respite lies on the horizon for financially stressed-out consumers in South Africa, with all grades of petrol and diesel expected to drop by as much as 25 cents a litre in June. There is also expected to be a decline in the prices of certain staples like maize meal by as much as 10%… Continued
Debt management firm, Debt Rescue says that middle class South Africans have been feeling the economic downturn for some time, with petrol and electricity price hikes, along with spiralling food costs leaving many in a debt bind. The company highlighted a recent in-house survey conducted by Sanlam which showed that 73% of professional middle class… Continued
Motorists should brace for a hefty fuel levy increase when finance minister Pravin Gordhan presents the budget speech to Parliament on 22 February. Motorists have already experienced two consecutive petrol price hikes in the first two months of 2017. Petrol has increased by 79 cents so far this year, while diesel is already up by… Continued
Wayne McCurrie, a financial analyst at Ashburton Investments, has warned that the fallout of the Gordhan saga will lead to a significant rise in the price of petrol. McCurrie said that with the rand back above R14 against the dollar, and the oil price above $52 ‘means that petrol will increase significantly next month, if… Continued
JOHANNESBURG – Thousands of shoppers queued on Thursday at the opening of one of the largest malls in South Africa, set in middle-class suburbia between Johannesburg and Pretoria. The Mall of Africa will house over 300 shops, including global brands such as Inditex’s Zara, Hennes & Mauritz (H&M), Cotton On and Starbucks. They want to… Continued
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