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Business Groups Lobby for Reduction in Fuel Levies as Energy Prices Soar

SOUTH AFRICA

LOCAL NEWS

  • Central Energy Fund predicts significant fuel price rises in April with petrol rising R2.19-2.27/L, diesel R3.12-3.26/L & paraffin R2.66/L. Also, says govt are meeting today to discuss possible interventions to assist with managing furl prices.
    • Economists have suggested cutting levies (34% of total price) to provide some relief. Agribusiness lobby group has also asked govt to suspend its levies in a push to contain food prices - BusinessTech
  • DA amasses 6,000 signatures on a petition for Ramaphosa to fire underperforming ministers due to load-shedding, lack of jobs, fuel price rises and other indiscretions. If the motion of no confidence in the Cabinet succeeds, all members barring Ramaphosa would have to be dissolved and a new one put in place. – Timeslive
  • NERSA confirms Eskom tariff increase of 8.6% for municipalities and 9.6% for standard tariff users that will come into effect in July for the former and April for the latter.
    • This follows Eskom’s failed push for a 20.5% tariff increase that is set to leave a R12bn gap in its revenues this year – BusinessDay
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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