Premium: 40 years on and the script for dealing with Russia remains eerily similar

If this week's Premium Newsletter seems slightly different that's because editor Alec Hogg is away for the week and has entrusted your inbox to me. It's a tall order so in an ode to our BizNews leader please allow me to misquote the mid-1980's fantasy film Highlander in saying, "There can be only one [Alec Hogg]".

Locally, newspapers are adorned with headlines and articles warning some serious pain in the pocket awaits South African consumers as the war in Ukraine enters its third week. While no serious pundit is willing to put their head on the block and venture a guesstimate as to what effect the volatile oil price, currently sitting at a little over $112 per barrel for Brent Crude, will have on the price at the pump, it's unlikely to be pretty.

Layton Beard of the Automobile Association tells me it's still the middle of the month and "anyone who gives you a figure [of the expected increase] now is playing a very dangerous game." But, Beard says we should prepare for a significant jump. The Department of Mineral Resources and Energy will likely be releasing its advisory on the change in fuel prices on the 4th of April, with the change coming into effect on Wednesday the 6th of next month.

___STEADY_PAYWALL___