Fuel price cut on the horizon

28 March 2020, 8:10 PM
Minister of Minerals Resources and Energy Gwede Mantashe says the current local and International factors will result in an adjustment for fuel prices in April.
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Fuel
SAA will be hard hit by COVID-19 outbreak: Gordhan 18 March 2020, 5:54 AM

Public Enterprises Minister Pravin Gordhan says South African Airways (SAA), like many other airlines globally will be hard hit by the COVID-19 outbreak.

World Bank adds $2 bln to funds available for coronavirus response 18 March 2020, 12:08 AM

The World Bank on Tuesday said it had increased to $14 billion the amount of fast-track financing available to members to respond to the global coronavirus pandemic, adding $2 billion to an initial package announced on March 3.

Prasa’s Martha Ngoye continues testimony at State Capture Commission 17 March 2020, 4:51 PM

The State Capture Commission has heard that the board of the Passenger Rail Agency of South Africa (Prasa) went to great lengths to ensure that the company, Siyagena, linked to businessman Roy Moodley, got a contract worth billions of rands.

Emfuleni Local Municipality to pay R50mln towards Eskom debt: Maile 17 March 2020, 3:56 PM

Gauteng Co-operative, Governance and Traditional Affairs MEC, Lebogang Maile, says the Vaal-based Emfuleni Local Municipality has agreed to pay Eskom R50 million by the end of business on Tuesday.

Travellers happy with screening at SA border posts 17 March 2020, 3:07 PM

Travellers entering the country from Zimbabwe through the Beitbridge border post, outside Musina in Limpopo say they are happy about the screening for coronavirus and other diseases. 

Panic buying hits SA despite government warning 17 March 2020, 9:49 AM

Following President Cyril Ramaphosa's announcement on Sunday evening, some citizens have started stocking up on essentials and food items in big bulks.

IMF chief says over 20 countries seek aid, calls for coordinated spending 17 March 2020, 5:15 AM

IMF Managing Director Kristalina Georgieva on Monday said over 20 additional countries have asked about receiving aid from the global lender as the coronavirus pandemic halts economic activity, and she called for strong, coordinated fiscal stimulus to limit the damage.

Wall St sinks as virus spread escalates worries 17 March 2020, 4:00 AM

Wall Street suffered its biggest drop since the coronavirus crisis began, with the S&P 500 closing at the lowest level since December 2018 as investors fear the coronavirus pandemic is proving a tougher opponent than central banks, lawmakers or the White House are capable of battling.

ACSA intensifies efforts to help mitigate the spread of COVID-19 16 March 2020, 11:34 PM

Airports Company South Africa (ACSA) says it has intensified its coordinated response to help mitigate the spread of the coronavirus at all its airports.

Funds will be set aside to curb the economic impact of coronavirus outbreak in SA – Mboweni 16 March 2020, 10:59 PM

Finance Minister Tito Mboweni says funds will be set aside to curb the impact of the coronavirus outbreak in South Africa.

Lesetja Kganyago
Calls for Reserve Bank to cut interest rates amid COVID-19 pandemic 16 March 2020, 10:15 PM

Pressure is mounting on the South African Reserve Bank to cut interest rates as the impact of the coronavirus chokes economic activity.

Test
Government seeks ways to mitigate economic impact of COVID-19 16 March 2020, 8:18 PM

As government tries to find ways to mitigate the economic impact of the coronavirus, it has called for unity between government, business, labour, and civil society.

Macro
Retailers running dry as consumers are stocking in bulk 16 March 2020, 7:14 PM

As the number of confirmed cases of the coronavirus in South Africa continues to rise, store shelves are running empty as scores of people rush to buy supplies in bulk.

VIDEO: Outcome of meeting between Nedlac, President Ramaphosa 16 March 2020, 5:19 PM

Government Ministers, Business and Labour leaders have been holding an emergency meeting in Johannesburg to discuss urgent interventions to mitigate the impact of the coronavirus on the economy and food security in the country.

VIDEO: State Capture Inquiry 16 March 2020, 3:07 PM

Passenger Rail Agency of South Africa (Prasa) Legal Risk Executive, Martha Ngoye is continuing to outline the situation at the state-owned enterprise before the Commission of Inquiry into State Capture in Braamfontein, Johannesburg.

‘It’s difficult to assess coronavirus impact on business’ 16 March 2020, 10:53 AM

Econometrix director and chief economist Dr Azar Jammine says it is difficult to assess what the actual impact of the outbreak of the coronavirus will be on business.

Prasa’s Ngoye to continue testimony at State Capture Inquiry 16 March 2020, 9:23 AM

Passenger Rail Agency of South Africa (Prasa) Legal Risk Executive, Martha Ngoye, is on Monday expected to continue outlining the situation at the state-owned enterprise before the Commission of Inquiry into State Capture in Braamfontein, Johannesburg.

Vavi applauds Ramaphosa’s leadership in tackling coronavirus 16 March 2020, 4:00 AM

South African Federation of Trade Unions’ General Secretary Zwelinzima Vavi says President Cyril Ramaphosa displayed leadership when he was delivering his nation address on coronavirus. He says President Ramaphosa’s intervention was critical to South African citizens. However Vavi says the measures that the President took could have been much better if they were introduced in […]

Travel ban on high-risk countries shocking, reckless: Numsa 16 March 2020, 1:00 AM

The National Union of Metalworkers of South Africa (Numsa) says the decision by the cabinet and President Cyril Ramaphosa to implement a travel ban on high risk countries from this week is shocking and reckless.

American Airlines cutting international flights by 75% amid demand collapse 15 March 2020, 8:29 AM

American Airlines Inc said Saturday it plans to cut 75% of its international flights through May 6 and ground nearly all its widebody fleet, as airlines respond to the global collapse in travel demand due to the coronavirus pandemic.

Stage 1 load shedding to resume on Sunday morning 15 March 2020, 5:35 AM

Stage 1 load shedding will resume at seven on Sunday morning.

Load shedding hits agriculture hard, says Agri Western Cape 14 March 2020, 8:32 PM

Agri Western Cape says load shedding is financially crippling the agriculture sector.

Lanxess mineworkers call for Mantashe’s intervention 14 March 2020, 7:39 PM

Mine workers at the Lanxess Chrome Mine in Rustenburg, in the North West, are calling for intervention of Mineral Resources Minister Gwede Mantashe in their dispute with management.

eMalahleni youth demand employment at mines 14 March 2020, 4:29 PM

Mining houses operating in the eMalahleni area in Mpumalanga have been accused of not employing locals as stipulated in their licenses.

Load shedding downgraded to Stage 1 14 March 2020, 2:02 PM

Eskom says due to an improvement in generating capacity, load shedding will be downgraded to Stage 1 for the remainder of the day until 11 pm on Saturday evening. 

Fuel price expected to drop in April 13 March 2020, 8:02 PM

The Automobile Association (AA) says according to mid-month fuel data, the price of petrol is expected to decline by over a rand in April.

SAA offers customers one free change on reservations for selected international flights 13 March 2020, 7:30 PM

South African Airways (SAA) has offered it's customers one free change on reservations for selected international flights, as a result of the coronavirus outbreak in the country.

Zondo Commission hears how Jeff Radebe allegedly propelled Montana to lead Prasa 13 March 2020, 6:16 PM

The Commission of Inquiry into State Capture in Johannesburg has heard evidence of how former minister Jeff Radebe allegedly helped propel former Prasa CEO Lucky Montana to the top of the organisation. 

Gateway Airport faces threat of having its license revoked 13 March 2020, 4:03 PM

The Standing Committee on Public Accounts in Limpopo has heard that government-owned entity Gateway Airport Authority Limited (GAAL) was facing a threat of having its license taken away due to financial mismanagement and noncompliance.

Minister concerned about job losses in tourism industry due to coronavirus 13 March 2020, 10:50 AM

Tourism Minister, Mmamoloko Kubayi-Ngubane has expressed concern over job losses in the sector due to fears of further spread of the coronavirus.