The South African Petroleum Industry Association said the replacement of older petrol pumps, which are unable to reflect a price of more than R9,99, would take several months. Roughly 18Â 500 petrol pumps, or about 30% of all South Africa's pumps, need to be replaced. These pumps do not have digital readings.
Gold Fields said on Tuesday that four miners had been killed in two separate underground accidents at its Driefontein and South Deep gold mines on the West Rand. Vishnu Pillay, head of Gold Fields's South African operations, said the company deeply regretted the loss of life and said safety was still their number one priority.
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.
The South African government has moved to stem the haemorrhaging of jobs in the mining industry by allowing mines to increase their power consumption to 95% of normal usage. Minister of Energy and Minerals Buyelwa Sonjica was cited in various media reports on Thursday as saying that mines would be allowed to up their power use by 5%.
The South African government will on Friday announce whether power supply can be increased to mines while maintaining the stability of the system. The review of consumption comes in the wake of last week's surprise announcement that the sector would lose thousands of jobs due to the power crisis.