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Times Live


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

While the substantial drop in the price of diesel announced on Thursday is welcome news for consumers‚ it won’t offset the increase in food prices caused by the drought‚ economists caution. They say that while the 78 cents a litre decrease in the diesel price will bring some relief to battered consumers who depend on… Continued

The petrol price could drop between 18 and 22c a litre‚ the Automobile Association (AA) said on Thursday. But‚ the AA warned‚ don’t get too hopeful of future price reductions. “Sustained declines in international oil prices since mid-month will bring some relief at the pumps‚” said an AA statement‚ adding that this is based “on… Continued

The expected fuel price decline of around 49 cents a litre in August predicted by the AA is good news‚ but it is the anticipated decrease in the price of diesel of 70 cents a litre that will substantially benefit consumers. “Everything we consume is transported by trucks that guzzle vast amounts of diesel. If… Continued

According to a World Bank report last year we borrowed more than any other country as most people sought loans to cover daily living costs. This might be why we shun financial institutions, preferring to take loans from family, friends and microlenders. Worldwide, 40% of people took out a loan in the year, reported the… Continued

While there has been widespread rejection to the revised e-toll tariffs announced‚ a large debt counselling company said they “will bring welcome relief to hard-pressed consumers”. Deputy President Cyril Ramaphosa said that road users in Gauteng will pay up to 50% less a month‚ while those with outstanding amounts owed to the South African National… Continued

Proposed changes in court rules that will make it impossible for creditors to sell the homes of defaulters for a pittance still leaving them deep in debt and homeless would greatly alleviate the suffering of deeply indebted South African consumers. Neil Roets, CEO of one of South Africa’s largest debt management firms, Debt Rescue, said… Continued

At R13.23 a litre for unleaded petrol, South Africans are paying R221 in taxes to fill up a 60-litre tank. According to financial services specialist Direct Axis the current petrol price has placed South Africa among the 60 most-expensive countries for petrol in the world – in position 41. Motorists pay R3.69 tax within the… Continued

According to financial services specialist Direct Axis the current petrol price has placed South Africa among the 60 most-expensive countries for petrol in the world – in position 41. Motorists pay R3.69 tax within the R13.23-a-litre price of petrol. The price of petrol is cheapest in Venezuela at 11c a litre. It is most expensive… Continued

Petrol rises to 13.23 rand a litre and diesel 12.15 rand in the main Gauteng inland region. According to Neil Roets, CEO of debt counselling firm Debt Rescue, the 84c a litre increase on petrol is going to make it difficult for many deeply indebted consumers to make ends meet. “With SANRAL seeming to be… Continued

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