The food and non-alcoholic beverages category was the main driver of inflation in December 2020, Statistics SA (Stats SA) announced on Wednesday. Consumer price inflation was 3.1% in December, down from 3.2% in November, Stats SA said. It…
LYNLEY DONNELLY Inflation continued to hover close to multiyear lows, despite edging higher in June, data from Stats SA showed on Wednesday. The increase took annual consumer inflation to 2.2% in June, up from its near 16-year low of 2.1%…
In what is sure to be a devastating double- whammy for many, the cost of electricity and fuel were hiked up dramatically within days of each one another. The National Energy Regulator of South Africa (Nersa) recently approved Eskom’s…
South Africans are set to cough up even more for tobacco and alcohol, following yet another increase on sin taxes announced by finance minister Tito Mboweni on Wednesday. If you’re feeling the pinch, one option to save money would be to…
South Africans feeling the pinch at the grocery store are not imagining price hikes. “Bad news if you are a lover of cold drinks,” Statistics South Africa said as it released the latest consumer inflation numbers. The average price for…
South Africans must expect another substantial petrol price increase later this month‚ the Automobile Association predicts. Commenting on unaudited mid-month fuel price data released by the Central Energy Fund‚ the AA said: “International…
Another month, another fuel price hike. At this point, such news is no longer shocking. Since May the country has had to endure a new hike every month to the point where it would now be more surprising if there wasn’t one in November.…
The Automobile Association (AA) warned on Thursday that motorists would face “unprecedented price increases” in October‚ based on unaudited month-end fuel price data released by the Central Energy Fund (CEF). “These increases are…
The newly formed People Against Petrol and Paraffin Price Increases (Pappi) has vowed to intensify its fight against the rising prices of fuel. The vow comes ahead of predictions that the fuel price could increase by more than a rand a…
The petrol price will rise slightly from August 1, announced Energy Minister Jeff Radebe on Monday. 93- and 95-octane petrol will increase by 1c/l while diesel will decrease by 4c/l. Wholesale illuminating paraffin will increase by 4c/l…
South Africans will be given a little breather at the petrol pumps next month. The Automobile Association said on Friday that a better exchange rate and stable oil prices‚ spelt “virtually unchanged fuel prices in August”. Two weeks ago…
South Africans are in for another fuel price hike shock. The Automobile Association outlook for August predicts that fuel prices are likely to rise again at the end of the month. The association said current data suggested “a price rise…
Brace for another petrol price increase‚ but also thank your lucky stars because it could have been much‚ much worse. So said the Automobile Association (AA) on Thursday as it released its fuel price outlook for July. Petrol prices‚ the…
The food basket has shrunk‚ with households changing their grocery shopping patterns in order to accommodate tough economic times. Just when South Africans thought things could not get worse‚ they did. After the much-contested VAT…
The rand was almost 2% weaker against the dollar on Tuesday morning‚ as the trade spat between the US and China escalated‚ casting a shadow over the global economic outlook. The latest slide took the rand dangerously close to R14/$ —…
