South African fuel prices are set for significant hikes in September, with diesel users facing the steepest increases amid rising oil prices and rand fluctuations.
South African fuel prices are set for significant hikes in September, with diesel users facing the steepest increases amid rising oil prices and rand fluctuations.
The president of the upcoming COP28 climate talks told an Abu Dhabi oil conference on Monday that the fossil fuel industry would play an essential role in addressing the climate crisis.
Asian and European stock markets mostly fell Monday and the dollar rose as relief over a last-minute deal to avoid a US government shutdown gave way to renewed concerns over high interest rates. US stocks ended Friday mostly lower as a government shutdown appeared likely after hardline Republicans had tanked an earlier plan to keep the lights on.
The UK minimum wage will go up next year, finance minister Jeremy Hunt will announce at the Conservative party's annual conference Monday, as the country gears up for a general election. - Populist - Prime Minister Rishi Sunak's party is currently trailing the opposition Labour Party in the polls, with an election looming next year.
The 15th Brics Summit hosted at the Sandton Convention Centre has caused a surge in business for restaurants and hotels surrounding the Johannesburg venue.
South Africa's inflation rate has dropped to the lowest it level since April 2022. The easing can be attributed to a decrease in Food inflation and fuel prices.
The increasingly tough economic times in South Africa have resulted in many consumers letting go of medical aid policies and gym memberships to make ends meet.
The Reserve Bank has warned that South Africa's non-aligned stance on Russia's invasion of Ukraine could lead to sanctions and have a dire impact on the economy
The South African Reserve Bank is expected to increase interest rates on Thursday. Several economic analysts said citizens should brace themselves to pay more.
A woman on TikTok showed people what a medical doctor could earn. South Africans were shocked as they saw how much the person had to pay in tax deductions.
Economy
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