It's horrifying! SA braces for monstrous fuel price hikes. Oil hits 4-year high

It's monstrous!

On Wednesday, 3 October fuel prices will go up by R1.00 per litre, according to the Automobile Association of South Africa (AA).

The rand is weak, and oil prices hit a four-year high of $82.01 per barrel on Tuesday.

The Money Show’s Bruce Whitfield interviewed the AA’s Layton Beard.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

The gains we’ve made with the rand has been eradicated to an extent by international oil prices.

Layton Beard, Automobile Association of South Africa

We’ll probably be around the R1.00 mark… I think it [diesel] will be around R1.50… It is a monster increase…

Layton Beard, Automobile Association of South Africa

The outlook is bleak… If there’s an intervention it will be minimal…

Layton Beard, Automobile Association of South Africa

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to start and grow your own business with funds you find yourself

How to start and grow your own business with funds you find yourself

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator Pavlo Phitidis.

Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

Did Floyd Shivambu and the EFF benefit from the looting of VBS Mutual Bank?

The Money Show’s Bruce Whitfield interviews Business Day financial journalist Warren Thompson.

What it'll cost to educate your kid abroad (and how much you must save a month)

What it'll cost to educate your kid abroad (and how much you must save a month)

Bruce Whitfield asks Galileo Capital Financial Advisor Warren Ingram about the cost of educating a child overseas.

Sanlam makes largest investment in its entire 100-year-old history

Sanlam makes largest investment in its entire 100-year-old history

It will pay R16 billion to outright own Morocco’s Saham Finances SA. Bruce Whitfield interviews Sanlam Group CEO, Ian Kirk.

Game over, Tencent (i.e. Naspers)? No, it remains a profoundly good longterm buy

Game over, Tencent (i.e. Naspers)? No, it remains a profoundly good longterm buy

It’s not the beginning of the end of Tencent, says portfolio manager Francois Strydom, despite it losing R3.2 trillion in value.

Biggest fuel price hike in the history of SA coming in October, warns AA

Biggest fuel price hike in the history of SA coming in October, warns AA

Got a bad heart? Better not read this...

Popular articles
ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

ASOM: You can be a groundbreaker, a leader and a lady - Lerato Mbele-Roberts

BBC World News journalist, Lerato Mbele-Roberts shares a personal story of her experience at her Alma Mater (St Mary's School).

I've finally decided to start my 1st solo project - Zolani Mahola, Freshlyground

I've finally decided to start my 1st solo project - Zolani Mahola, Freshlyground

On the #WeekendBreakfast with Africa Melane, Zolani Mahola of Freshlyground tells us all about her first solo project.

Stormy weather expected over parts of South Africa

Stormy weather expected over parts of South Africa

The South African Weather Service is predicting some much-needed rain over some parts of South Africa over the weekend.

'VBS stolen money bought the most useless things like Ferraris and helicopters'

'VBS stolen money bought the most useless things like Ferraris and helicopters'

Deputy editor at Finacial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested in the VBS saga.

R10 million siphoned from VBS to Floyd Shivambu's personal account

R10 million siphoned from VBS to Floyd Shivambu's personal account

Top ANC officials, along with senior EFF members are among those being fingered in the scandal relating to more than R1 billion being siphoned out of VBS Mutual Bank.

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Sunday Times has seven days to confess to state capture role, warns O'Sullivan

Private eye Paul O'Sullivan says the Sunday Times was an integral part of state capture and needs to come clean or face a boycott.

[WATCH] Sing with us: 'I can feel it coming  in the deer tonight'

[WATCH] Sing with us: 'I can feel it coming in the deer tonight'

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

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

[WATCH] Is it a cow's penis or an udder? Well, this kid thinks it's a penis

Check out the videos, tweets, Facebook posts that have gone viral and why this kid cheered her dad on in the toilet.