SLR: Dancing the Macarena as UK fuel cuts threaten
The UK is in the throes of a fuel poverty crisis which Simon attributes to the closing of 21 nuclear and coal power facilities since 2012.
fuel prices
Cost of transport has risen 22% due to fuel hikes, inflation shock coming: Naude Rademan, Linebooker
The 47% surge in fuel prices translates into a direct increase of 22% in the cost of goods, says Naude Rademan, CEO of Linebooker.
Explained: Why SA shouldn’t outright sell portion of its strategic petroleum reserve
South Africa plans to sell a portion of its strategic petroleum reserve to plug a R6bn hole created by recent interventions aimed at easing the pain for motorists at the pump. How wise is this and what are the options?
Flash Briefing: Fuel prices hit record-high; 2021 Local Elections update; SA pension funds banned from crypto investments per draft rules
With over a third of votes counted, the ANC remains well below 50% of the national vote in the 2021 Local Elections.
SA petrol prices go up
Minister of Mineral Resources and Energy Gwede Mantashe has approved an increase of 5.3 cents per litre in the retail margin of all grades of petrol.
Petrol over diesel? Your planned road trip just got more expensive
The pump price of petrol will increase by 22c a litre from tomorrow, while diesel will cost less, the Department of Energy announced.
Retail sales lose that festive cheer, first slump in 22 months
South African retail sales slumped unexpectedly for the first time in 22 months in December.
Shoprite feels the pinch of lower-income customers cutting spending
Shoprite Holdings’ lower-income South African customers are struggling and it’s weighing on the profitability of Africa’s biggest supermarket chain.
Double whammy: Tiger Brands slumps as profits hurt by costs, listeriosis
Tiger Brands tumbled after Africa’s largest listed packaged-food maker said full-year profit fell as much as 37 percent after one of its plants was blamed for South Africa’s listeriosis outbreak.
Cruickshanks: Time SA lives within means – last seen under Manuel’s stewardship
In this short note, Institute of Race Relations’ chief economist Ian Cruickshanks looks at the looming financial pain about to be inflicted on consumers.