Temporary fuel tax cuts blunt impact of crude spike
The main pressure on petrol prices is coming from global crude markets and freight costs rather than taxes alone.
#fuelprice
‘At least one’ rate hike likely if inflation worsens
Fuel-price shocks, sticky services inflation, and global pressures are making it harder for the SARB to keep inflation anchored near its new goal, says Sanlam.
South Africa’s new inflation target gets its first big test
The Reserve Bank is not ruling out more rate tightening after successive fuel price jumps have revived inflation risks.
Fuel levy dispute before the courts as consumers brace for higher prices
Temporary fuel levy relief ends on 5 May as pressure builds at the pumps. The High Court case will test whether the minister can adjust the levy without Parliament.
Fuel levy rises despite court challenge, but price drop cushions blow for motorists
The fuel levy hike remains in force, but a broader court challenge over the finance minister’s power to increase taxes continues.
Interest rate cuts only likely in the third quarter of this year
The drier El Niño weather pattern is emerging as one of the biggest risks to the outlook for food inflation.
