The media was full of praise for Ramaphosa, immediately after he became president, for his habit to take early morning walks down the Seapoint promenade and talk to joggers and pedestrians. With the latest announcement of possibly yet another fuel price increase in August, it becomes clear to us what Ramaphosa’s REAL motive for this..
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Ramaphosa maybe setting the example of the favourite future mode of transport for South Africans?
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KwaZulu-Natal highways shut down due to petrol price protests
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In response to skyrocketing petrol prices, the #FuelPricesMustFall campaign has taken to KwaZulu-Natal’s city streets and major highways in protest. Hundreds of motorists were stuck in traffic congestion on Wednesday morning as a result of the demonstration. The purpose of the #FuelPricesMustFall campaign is to raise awareness regarding the issue of escalating fuel prices. The..
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Cyril Ramaphosa downplays hope of a ‘quick fix’ for high fuel & VAT
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President Cyril Ramaphosa has given ministers in the economic cluster a two-week deadline to come up with measures to ease the burden of high fuel prices and the VAT hike on already struggling consumers.
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Broke’ Eskom Gives Senior Executives Unlimited Free Petrol
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Senior Eskom officials have reportedly been spending about half a million rand a month on their company cars, with unlimited free fuel, according to Business Day. Eskom also reportedly pays for their toll fees and the maintenance cost of their cars. This comes weeks after unions embarked on a protest because Eskom offered no wage..
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ANC party calls on government to increase petrol reserves and freeze fuel hikes
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The ANC has called on government to increase petrol reserves and to consider freezing or decreasing the fuel levy. ANC national spokesperson Pule Mabe said the petrol was at its highest level ever, “putting a squeeze on all aspects of life of fellow South Africans”. The department of energy announced on Tuesday that the inland..
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Brace yourself, tougher times are still ahead
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As temperatures plummeted across the county this week, fuel prices hit record highs of R16.02 for a litre of 95-octane petrol in Gauteng.
Taxi fares and the cost of basic foodstuffs are also expected to rise as a result. But beyond appealing to manufacturers and service providers to hold off on increases, there is no immediate plan for the government to help hard-hit consumers.
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Petrol price still on course to break record R16/litre, but AA says it could be worse – How much worse can it really get?
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Pending a formal fuel adjustment announcement by the Department of Energy, a litre of 95 octane fuel inland is likely to breach the R16 a litre mark. Yet, the Automobile Association (AA) says South Africans are lucky, as fuel hikes ‘could’ve been far higher’. Petrol prices are due to reach record highs after the Department’s..
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AA warns motorists to brace for possible fuel price hike in July
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Motorists can brace for another potential petrol price hike next month. The Automobile Association is predicting an increase of about 30 cents per litre. This comes on the back of an 82 cents per litre petrol price hike at the start of June. The association’s Layton Beard explains: “It must be noted that this a..
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Toll Fees, Petrol to add to consumer debt burden
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Consumers already owing R1.37-trillion in debt will feel more heat from higher fuel and toll prices in May, said a debt expert.
Neil Roets, CEO of Debt Rescue, said in a statement that consumers will also have to contend with financial pressures from the 1% VAT increase.
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No good news for consumers, you’re going to struggle more
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The Reserve Bank announcement that the repo rate is reduced by 0.25% is a very slight sugar stroke over other shocks that consumers are going to hit and their living standards will be negative.
Just after Easter week fuel
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Fuel prices expected to drop by 36 cents
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The Automobile Association (AA) has announced that the fuel prices are expected to drop on the 7th March.
Following to the unaudited month-end fuel data released by the Central Energy Fund, the AA said petrol is set to go down by 36 cents, diesel by 47 cents and paraffin by 26 cents.
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Saudi tensions could increase SA fuel prices
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The recent political upheaval in Saudi Arabia will lead to South African motorists paying an additional 70 to 80 cents more for fuel in December. And there could be a further increase of about 60 cents in January if current tensions persists, says Econometrix chief economist Azar Jammine. Oil, which has traded at about $50..
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Energy minister slips up on oil plan
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Minister of Energy Mmamoloko Kubayi is backtracking on the investigation into the sale of the country’s oil reserves, say highly placed sources. But the minister has denied this outright. In May, Kubayi announced in Parliament that she would investigate the controversial sale by the Strategic Fuel Fund (SFF) of 10-million barrels of the country’s fuel..
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