Price hike double-blow to hit South Africa over Christmas
The country’s latest fuel price increase, which took effect on 1 December, has seen the fuel price pass the R20/litre level for the first time on record.
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The country’s latest fuel price increase, which took effect on 1 December, has seen the fuel price pass the R20/litre level for the first time on record.
The rand fell to an eight-month low yesterday as the combination of lower commodity prices, the resumption of rotational power cuts and an unprecedented petrol price hike put the skids on the risk sentiment in the markets.
Chief economist at the Efficient Group, Dawie Roodt, has published a series of graphs showing how South Africa’s economy has steadily declined over the last…
Food prices in South Africa are climbing – and households should expect that trend to continue for the rest of the year as rising fuel prices, more incidents…
This is the second mass truck protest in a matter of days and it will have a lasting impact on future investments in South Africa, says an economist.