Press Releases

Fuel prices look set for another jump going into July based on the unaudited mid-month fuel data released by the Central Energy Fund (CEF). Since the start of June, the Rand has steadily weakened against the US dollar, with the average cost per dollar having climbed from around the R12.50 mark to nearly R13.00. Fortunately, international oil prices retreated over the same period, and have had a...

South Africans have been thrown a lifeline by declining oil prices in June, according to the unaudited month-end fuel price data released by the Central Energy Fund (CEF). Without oil's decline, the fuel price hike for July would have been far higher. The average Rand/US dollar exchange rate used to calculate the basic fuel price has slipped in a virtually straight line since the start of June....

Fuel prices are likely to rise again at the end of July going into August, based on the unaudited mid-month fuel price data released by the Central Energy Fund. International oil prices see-sawed during the first half of July, but remained within a fairly narrow band and did not contribute substantially to the price rises we are anticipating for next month. The big news is again on the Rand...

The increase to fuel prices in July marked the fourth straight month in 2018 that these prices increased. These came off the back of three decreases in January, February and March. And while the outlook looks positive for a small decrease in August, the fuel price remains under pressure off record highs in 2018. The deregulation of petrol prices, and whether this would lead to lower fuel prices,...

Better exchange rate performance and retreats in international oil prices will mean virtually unchanged fuel prices in August. According to unaudited month-end fuel price data. During July, the recent weakening trend of the Rand against the US dollar slowed, as our currency lost some ground, but only marginally. Over the same period, international oil prices showed a slight average decrease...

Substantial Rand weakness could undo the recent fuel price stability based on the unaudited mid-month fuel price data released by the Central Energy Fund (CEF). Almost two months of modestly improving Rand strength ended in a dramatic reversal as the local currency was caught up in the emerging market chaos triggered by Turkey's economic difficulties. Until the crisis hit, the fuel price picture...

Do you know how much it costs to keep your car on the road every day? Or, more precisely, do you know how much your car costs you daily, even when it is parked in the garage over weekends? It is important for all vehicle owners to understand that the cost of owning a vehicle goes far beyond only the cost of fuel. Too many people assume the cost of the vehicle is the repayment of the loan (if...

Following the announcement of the Safer Choice India Award at the Delhi motor show, Global NCAP is now launching the ‘Safer Choice Africa’ Award to encourage automakers to achieve the highest levels of safety performance. In November 2017 the first ever independent crash test results for cars sold in Africa were released by Global NCAP at a conference in Cape Town, hosted together with the...

There are just over 11 million registered vehicles in South Africa (excluding caravans and trailers). According to statistics, the majority of these vehicles – around 60-70% are uninsured. This means that to keep you on the road, insurance is not a luxury, but a necessity. Statistics from the Road Traffic Management Corporation (RTMC) indicate there are more than 800 000 crashes in South Africa...

Trends are showing that another massive fuel price hike is likely at the end of May, according to the unaudited mid-month fuel price data released by the Central Energy Fund. Last month's fuel price account was closed earlier by the Department of Energy, resulting in the postponement of a substantial 50 cent-per-litre increase brought on by a weakening Rand and rising international oil prices at...

In adverse weather conditions, such as those currently being experienced in many parts of the country, employers have a responsibility to ensure the safety of their employees. And, understanding this obligation before bad weather occurs is vital. Too often we hear stories of employees who go to great lengths, sometimes risking their own and other road users’ safety, to get to work exactly on...

The fuel price is set for a steep hike as higher fuel levies kick in, and an increase in international fuel prices makes its presence felt. This is according to the unaudited month-end fuel price data released by the Central Energy Fund. International petroleum product prices, which have remained stable since mid-February, have climbed sharply since 12 March. We're anticipating an increase of...