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Lobby Groups Pressure Government to Extend the Fuel Levy Cut Beyond May

SOUTH AFRICA

LOCAL NEWS

  • Lobby Group OUTA calls on Finmin Godongwana to extend the R1.50 fuel levy cut that is set to expire at the end of the month (May 31). This is the second group to add pressure on Govt to ease the burden on consumers, but Govt has yet to respond. The initial pause on levies has cost govt R6bn in revenues and an extension is expected to cost R2.8bn - BusinessDay
  • EnergyMin Mantashe says Govt is acting on electricity supply shortages, highlighting renewable energy projects in the pipeline to add to supply. Notes the department is finalising proposals for 513MW of storage, 3000MW of gas, 2600MW of renewable energy under bid window 7 and 1500MW of coal – BusinessDay
  • Local Analyst says SARB is not to blame for the meagre state of the economy. Says above inflation wage growth in public sector negotiations are a risk and likely to boost unemployment from already elevated levels - BusinessDay
  • Ramaphosa says he will host German Chancellor Scholz on 24 May in his first official visit to SA. They are expected to discuss SA’s stance on the Ukraine conflict – CapeTalk
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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