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Intervention

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Demonstrators march during a national strike day of action over the high cost of living, organised by the Congress of South African Trade Unions (COSATU), in Tshwane, South Africa, on Wednesday, Aug. 24, 2022. Joblessness, rising food and fuel prices and an aggressive interest-rate hiking cycle pose a threat to social stability in an economy still reeling from several Covid-19 lockdowns and deadly riots in 2021. Photographer: Waldo Swiegers/Bloomberg via Getty Images
COST OF LIVING

Brace yourselves: Government’s hands are tied in alleviating pressure on households in short term

There is a limit to what the government can do in terms of subsidies, given the fiscal situation, say experts

  • Anathi Madubela
6 min read
The department of mineral resources and energy said the new fuel prices would come into effect on Wednesday. (Waldo Swiegers/Bloomberg via Getty Images)
EMERGENCY

Brief reprieve for motorists: treasury reduces fuel levy by R1.50 a litre until the end of May

The emergency fuel-price intervention was announced by the treasury in the parliament on Thursday afternoon, in light of skyrocketing global oil prices

  • Anathi Madubela
3 min read