Economy

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.

Impressive agriculture export earnings in Q2 2002 despite trade challenges

The latest trade data for the second quarter 2022 showed another stellar performance from the agriculture sector with a 5% quarter-on-quarter jump in export earnings to the tune of US$3.4 billion.

Salaries slide in July as data suggests more job creation