South Africans spending more on fuel than new cars

According to research into motor trade sales by Statistics South Africa, South Africans are now spending more on fuel than on new cars.

The figures show the spend to be around R14.76 billion a month on petrol and diesel and just a little over R14 billion on new vehicles.

The news comes as the Democratic Alliance (DA), Outa and several taxi associations prepare to march against rising fuel costs and VAT.

Spokesperson at Automobile Association, Layton Beard says the recent fuel price increase is more about the state of the economy and about where the money gathered from taxpayers is being spent.

He says the matter needs a holistic approach to determine whether the South African taxpayers are getting value for their money.

I do know there are a lot of conversations going on around the fuel price, obviously people are worried about what they are paying for a litre of petrol, but protesting in the streets and boycotting fuel stations? I am not sure if that's going to yield the results that people want.

Layton Beard, Spokesperson at Automobile Association

There is no simple solution because the fuel price is a very complex makeup. There are a lot of different issues that come to play....

Layton Beard, Spokesperson at Automobile Association

The best advise I can give is to budget as well as you possibly can to accommodate for it.

Layton Beard, Spokesperson at Automobile Association

To hear the rest of the conversation with Layton Beard, listen below:


This article first appeared on CapeTalk : South Africans spending more on fuel than new cars


Recommended

by NEWSROOM AI
Read More
Outa calls on government to slash petrol price, reduce fuel levy by R1

Outa calls on government to slash petrol price, reduce fuel levy by R1

Outa, the DA, taxi group and other civil organsations plan to march against the increasing fuel prices.

Will Ramaphosa's $10 billion investment commitment from Saudi help the economy?

Will Ramaphosa's $10 billion investment commitment from Saudi help the economy?

Economist at Ecomometrix Sam Rolland says the investment is certainly a very good start for the President.

Opinion: Petrol price hike is only a fraction of your annual increase

Opinion: Petrol price hike is only a fraction of your annual increase

CapeTalk Producer Bruce Hong says petrol has gone up by 1.74% in the last 51 months which is less than our annual increase of 5%.

IFP want fuel price levies suspended

IFP want fuel price levies suspended

The party has requested that the General Fuel and RA levies on the petrol price be suspended.

Sports teams who sing their national anthem with passion more likely to win

Sports teams who sing their national anthem with passion more likely to win

Studies show that footballers who sing their pre-match national anthem with greater passion are more likely to win their games.

Popular articles
Sucking titties does not cure cancer, it detects it - Lillian Dube

Sucking titties does not cure cancer, it detects it - Lillian Dube

Actress, Cancer survivor and activist Lillian Dube shares why she decided to be a cancer activist.

Yet another wet and cold weekend for Gauteng warns weather service

Yet another wet and cold weekend for Gauteng warns weather service

Gauteng residents are warned to brace themselves for another weekend of heavy rain, possible hail and damaging winds.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.

'It's unacceptable that government officials pay R75 for luxury apartments'

'It's unacceptable that government officials pay R75 for luxury apartments'

IFP national spokesperson Mkhuleko Hlengwa says the party is calling for a review of these rates that are a cost to taxpayers.

Getting drunk improves creative problem solving - Harvard Business School

Getting drunk improves creative problem solving - Harvard Business School

Bruce Whitfield asks branding and advertising expert Andy Rice about a peculiar study that has creatives reaching for the tequila.