South African Reserve Bank raises interest rate to 7%, warning that oil shocks, food inflation and global instability could drive prices higher
As petrol and diesel prices climb by more than R3 a litre, Absa has increased its fuel cashback cap and earn rates through its rewards programme, aiming to provide immediate…
As wars disrupt fuel supplies and health systems, more women are being forced to give birth without timely access to skilled care
South Africans are increasingly open to hybrids as petrol prices and affordability pressures weigh on households
Mantashe says South Africa must move faster on oil and gas exploration to reduce import dependence and protect energy security
With oil prices climbing to $120 a barrel and the Strait of Hormuz shut, analysts say the G7 missed a critical opportunity to push for peace in the escalating US-Israel-Iran…
The department of mineral and petroleum resources cited a stronger rand and lower international refined product costs
From 7 January, 93-grade unleaded petrol will decrease by 62 cents a litre while 95-grade petrol will cost 66 cents less
This is the fourth consecutive monthly decrease in petrol prices
Although the average price of Brent crude oil price increased during the period under review, this was offset by a stronger rand against the US dollar
Gauteng, KwaZulu-Natal and Western Cape refrain from increasing taxi fares but haven’t ruled out the possibility
Reserve Bank’s inflation forecast likely to be pushed up, with Eskom set to increase the price of electricity by 18.65% from April
Global dynamics and South Africa’s energy crisis will weigh on domestic growth for years to come. But green investment could, eventually, resuscitate the economy
With high prices continuing to bear down on consumers the world over, leaders who fail to bring inflation to heel could face a reckoning
Consumers, who have remained resilient despite South Africa’s economic woes over the past decade, are being squeezed on all fronts. What are the policy options? Or is it the same…
The finance minister says there is a long-term intervention in the pipeline to address fuel prices, but the global situation has prompted the treasury to moot emergency relief
Analysts say the Reserve Bank could start tightening monetary policy as early as next month
But higher petrol and electricity prices are expected to drive up price inflation throughout the economy
The protests began on Monday after President Emmerson Mnangagwa had announced a hike in fuel prices by up to 150%
The portfolio committee on energy resolved it would write to Energy Minister Jeff Radebe to voice its dissatisfaction at being left in the lurch
