Mantashe Pushes for Fuel Price Reduction
Mineral and Petroleum Resources Minister Gwede Mantashe has stirred up a storm at the Africa Oil Week conference in Cape Town by proposing a drastic reduction in fuel prices. According to Mantashe, the current fuel price of around R20 per litre is artificially inflated due to two fuel taxes: the General Fuel Levy (GFL) and […]
How a fuel hike impacts your small or medium business
In April, South Africa absorbed a massive fuel hike, off the back of an economic slump and Covid-19 year filled with businesses closing and many consumers without work. Unfortunately, when the fuel price increases, so do every other cost on your balance sheet. Anything that requires transportation, delivery, or movement impacts your bottom line from […]
