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.
South African retail stores have noticed an increase in consumers purchasing items such as candles, emergency lights and paraffin ahead of Stage 6 loadshedding.
The Pietermaritzburg Economic Justice and Dignity Group (PMBEJD) conducted a Household Affordability Index and found that food and hygiene items cost 14% more.
President Cyril Ramaphosa announced the Advisory Council of the Broad-Based Black Economic Empowerment that will be responsibility for economic reconstruction.
The increased fuel prices that came into effect on Wednesday 1 June have South Africans anxious and frustrated. Saffas have called for a national shutdown.
The first quarter of the year compared to the fourth quarter of last year saw an improvement in the country's unemployment rate, according to Statistics SA.
Statistics South Africa confirmed the increases in prices of food amid Russia's invasion of Ukraine, which controls over a quarter of world wheat exports.
SpaceX CEO Elon Musk had South Africans gobsmacked at his opinion that almost anyone can afford a space ticket to Mars estimated at R1.5 million ($100,000).
Absa Life has predicted that the next wave of the Covid-19 pandemic could be less server and the government believes the wave could begin within recent weeks
South Africans are being subjected to another fuel price increase amid the conflict between Russia and Ukraine. The government helped and removed the fuel levy
Economy
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