Data from the Central Energy Fund (CEF) show that South Africa’s fourth week fuel outlook has flipped from relief to renewed pain. Picture: iStock In the news today, motorists have been warned to brace for another fuel price hike. Meanwhile, President Cyril Ramaphosa has accepted the immediate resignation of Investigating Directorate Against Corruption head Adv Andrea Johnson.
Furthermore, the Special Investigating Unit (SIU) has frozen two multimillion‑rand properties of former Prasa Group CEO Tshepo Lucky Montana. Tuesday will be cloudy, cold and wet in the Eastern Cape and KwaZulu-Natal, with an orange level 6 warning for disruptive rain and an orange level 5 warning for disruptive snow issued.Full weather forecast here. Stay up to date withThe Citizen– More News, Your Way.
With just a week left before the petrol prices kick in, motorists have been warned to brace for another fuel price hike after global oil prices hit $100 (R1 600) a barrel. This has pushed petrol price recoveries by R2 per litre in July, and hammered diesel recoveries deeper into the red. Data from the Central Energy Fund (CEF) show that South Africa’s fourth weekfuel outlook has flippedfrom relief to renewed pain, after starting the month with an over-recovery of R2.50 per litre.
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The new data raises the risk of price hikes in August that will hit motorists and the wider economy. President Cyril Ramaphosa has accepted the immediate resignation of Investigating Directorate Against Corruption (Idac) head Adv Andrea Johnson, following her request to vacate office under the National Prosecuting Authority Act.
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