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/ 30 April 2008

Economists warn of tough times ahead

The increase in the retail price of petrol by 55 cents per litre will result in a ”period of anguish” for South African households, an economist said on Wednesday. Absa economist Chris Hart said the increase would cause food prices to rise and fuel inflation. Hart said the country was expecting a hike in electricity prices as well as an increase in the rate of taxes.

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/ 28 March 2008

More misery for motorists as petrol price set to rocket

The retail price of petrol will increase by between 66 cents and 68 cents a litre (c/l) on Wednesday April 2, the Department of Minerals and Energy announced on Friday. This follows an increase of 61c/l last month, and 17c/l the month before. The retail price of a litre of 95 octane unleaded petrol in Gauteng increases to R8,91 and to R8,67 at the coast — new highs.

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/ 5 March 2008

SA building projects may face power delay

Eskom may delay approval for connecting new construction projects that are bigger than a residential home to its grid for up to six months in a bid to alleviate a power crisis, it said on Wednesday. The crisis forced a shutdown of crucial mines for five days in January and since then mines have been operating with only 90% of their power.