Here’s what’s fueling SA’s record high petrol price

PUBLISHED: Tue, 02 Oct 2018 10:35:57 GMT
Share

South Africa’s petrol price will be reaching a new high at R17.08 cents per litre tonight. In August‚ government dipped into the slate-levy fund to offer relief for motorists/consumers. But with the rand losing 20 per cent to the dollar this year and the Brent Crude price gaining momentum- how bad could things still get for our economy? Joining CNBC Africa for more is Jeremy Wakeford, Independent Economist.

Sign Up for Our Newsletter Daily Update
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.