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Expect big petrol price increases in South Africa over the coming months Subscribe Finance minister Tito Mboweni is set to deliver his 2021 budget speech on 24 February, with fuel levies expected to be an obvious revenue target once again. Tax experts at legal firm ENSAfrica said that motorists should expect increases in the fuel levies and contributions to the Road Accident Fund to be announced. “This is likely to be at least 19 cents per litre for fuel levy and an additional nine cents per litre to the Road Accident Fund. “This is slightly above the inflation rate and will assist to inc...

What to expect from the petrol price in South Africa in 2021: economist Subscribe Many South Africans will have cringed in the first week of February with the announcement that petrol prices will increase by 81 cents and diesel prices by 58 cents. The reason for this latest increase has more to do with the steady surge in global oil prices than with a depreciating local currency, says senior economist at the Efficient Group Dr Francois Stofberg. “In fact, the rand has been on its best behaviour and seems to be in an appreciating trend. We expect it to average around R15.50, although it will...

As President Cyril Ramaphosa prepares his speech for tomorrow’s opening of Parliament, an economist says he hasn’t lived up to the promises he made last year.

The JSE needs to innovate as delisting flurry continues The number of companies on the local bourse continues to shrink in 2021, with the investment pool on the JSE becoming smaller by the day. This is, however, a global trend with the emergence of private equity and increased regulatory and governance practices required by listed companies on stock markets across the globe. Locally, corporate scandals such as Steinhoff, EOH and Tongaat have added to the ‘red type’ required by the JSE in terms of regulatory and governance practices.  The exodus of companies on the JSE is especially preva...

Economists who have spoken to Jacaranda FM News believe the moderate economic growth predicted for the South African economy in 2021 won’t be enough to ease the country’s financial woes.