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State Owned Enterprises must be held to account

The high remuneration of executives at State-Owned Enterprises (SOEs) remains a concern and should be the focus of a Parliamentary inquiry in 2022. The Automobile Association (AA) says in specifically three entities it has reviewed, remuneration of executives does not correlate with set targets, nor is it in line with private sector remuneration.

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Fuel pain in December as petrol breaches R20/l

Fuel prices will be through the roof in December, with the price of oil playing almost no part. This is according to the Automobile Association (AA), which was commenting on price increases announced by the Department of Mineral Resources and Energy (DMRE) yesterday (SUBS::29 Nov), and which come into effect at midnight tonight (SUBS::30 Nov). The Association says the increases again point to the need for an urgent investigation and recalculation of the current fuel pricing model and its existing elements.

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Fuel price disaster as petrol tests R20/l

November fuel price hikes announced by the Minister of Energy last night (Sunday, 1 November) will be disastrous for fuel users and consumers across the board. This is according to the Automobile Association (AA), which says a perfect storm of demand imbalances, refinery costs, natural gas price hikes and Rand weakness would see the petrol price close in on R20 a litre in the runup to Christmas.

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