Press Releases

Fuel data for May is showing a listless fuel price picture. This is according to the unaudited mid-month fuel price data released by the Central Energy Fund. The overall picture is of little change. The Rand has slipped marginally by thirteen cents against the US dollar since the Department of Energy's surprise early announcement of the May fuel price on Sunday, April 28. The international oil...

Variable international oil prices, and an equally unpredictable Rand/US dollar exchange rate, have combined to provide a mixed picture for fuel prices in June according to the unaudited month-end data released by the Central Energy Fund. International oil prices have been up and down in May. The basic petrol price has traded between 740 and 780 cents a litre, which averages out 19 cents lower...

Global NCAP and the Automobile Association of South Africa launch the third round of #SaferCarsForAfrica crash test results today with the welcome support of the FIA Foundation and Bloomberg Philanthropies. The three models tested show reasonable safety performance for adult occupants but disappointing results for child occupant protection. The models tested by Global NCAP are the Toyota Avanza,...

For the first time in Africa, the #StopTheCrash Partnership hosts live demonstrations of crash avoidance technologies in support of the United Nations Global Goals and the Decade of Action for Road Safety. Launched at the Kyalami Grand Prix Circuit in Johannesburg with the support of the Automobile Association (AA) of South Africa, the #StopTheCrash Partnership event has a special focus on the...

Retreating oil prices have painted a rosier picture for South African fuel users than has been the case for much of 2019. This is according to the unaudited mid-month fuel price data released by the Central Energy Fund. At this stage of the month, we are predicting a decrease of 91 cents/litre to the petrol to the petrol price, 70 cents to the diesel price, and 62 cents to illuminating paraffin....

Dear Minister Mbalula, Congratulations on your appointment to a key Ministry in the South African government. You become the eighth minister of this department since 1994, and we pledge our support to you, as we have done with Mr Maharaj in 1994, Dr Nzimande last year, and all the other Ministers and Deputy Ministers in between. Yours is not an easy task. But we know you fear nothing. Through...

Recent reductions in the fuel price have been dealt a blow by a steady increase in international petroleum prices during the first half of February. This is according to the unaudited mid-month fuel price data released by the Central Energy Fund. Oil traded within a very tight band for most of January, but we have seen a steady uptick since February began. This trend has accelerated in the last...

We are relieved that Minister of Finance Tito Mboweni did not increase fuel levies above inflation – as has been the case in previous years – despite pre-Budget Speech speculation that this may have happened. Announced in today’s Budget Speech (SUBS: 20 FEB), any changes to the fuel levies will be implemented along with any fuel price adjustments on 3 April, the first Wednesday of April 2019....

Toll fees across South Africa will increase again on 1 March, adding yet more financial pain to already embattled consumers. These increases will coincide with a likely increase to fuel prices in March, which, given the current data, look set to be significant. These increases will apply country-wide to all tolled roads. With the increase to fuel levies which comes into effect in April, the...

Rising international petroleum prices have resulted in South Africans facing substantially higher fuel prices in March. This is according to the unaudited month-end fuel price data released by the Central Energy Fund. The price of petrol is predicted to increase by around 73 cents a litre, diesel by 92 cents and illuminating paraffin by 74 cents. The Rand/US dollar exchange rate has worked...

Fresh off substantial fuel price hikes in March, South Africans should brace themselves for further increases in April. This is according to the unaudited mid-month fuel price data released by the Central Energy Fund. The projected basic fuel price increase is being billed as 98 cents for petrol, 70 cents for diesel and 63 cents for illuminating paraffin. But, increases to the fuel levies will...

In its current form, the Administrative Adjudication of Road Traffic Offences (Aarto) Bill, is cause for concern. The National Assembly earlier this month passed the Bill and sent it to President Cyril Ramaphosa to be signed into law. In principle, we are in favour of a demerit system for drivers, it is something we have always backed and supported even as far back as the 1960s when such a...