Economy / General

A slap in the face of the cup-half-full crowd

PPS Investments: GDP Q2 commentary

The South African economy contracted 0.7% in real terms during the second quarter of 2022 (seasonally adjusted), which was slightly worse than economists had predicted, but slightly better than the South African Reserve Bank had predicted in their most recent Statement of the Monetary Policy Committee.

Fuel price reprieve, a positive development as 2022/23 agriculture season is about to begin

Following the upswing in fuel prices which reached a recording high during July 2022, the Department of Minerals and Energy announced that domestic fuel prices will be slashed by up to R2 per litre effective from 7 September 2022. Both grades of petrol will decrease by R2.04 cents per litre while diesel (0.05% sulphur) will decrease by 56 cents.

Drop in petrol price should be a cause for “mild celebration” in the property market

The Department of Minerals and Energy announced today that domestic fuel prices will be reduced considerably effective from 7 September 2022. Both grades of petrol will decrease by R2.04 cents per litre while diesel (0.05% sulphur) will decrease by 56 cents.