Steep jump in petrol price from Wednesday

Cape Town – The price of petrol will increase by 67c a litre from next Wednesday, while the price of diesel will be 44c a litre more, the Department of Energy said on Sunday. Energy Minister Mamoloko Kubayi said the rand/US dollar exchange rate and the prices of petroleum products in the international markets are the main contributing factors for the September price hike. “The Rand depreciated, on average, against the US dollar during the period under review.” In addition, there was an increase in the crude oil prices coupled with a weaker rand, massive floods caused by the storm […]

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Drought could cost SA almost R10bn in food export revenue

The South African economy could potentially take a R9.2-billion knock in export revenue loss for food crops as the drought continues. Citing industry sources, Business Day reports that this figure excludes the drought’s effect on farmers’ income, job losses and any inflationary aftermath. Grain South Africa published on its website recently that the country would have to import 770 000 tonnes of maize until the end of April next year at R2.2bn. The country will also need R1bn worth of wheat imports to make up for shortfalls triggered by drought conditions. In the 2013/2014 financial year, SA produced a bumper […]

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Transport management needs macroeconomic approach, urges logistics professor .

South Africa is a transport challenged country and, although transport-related issues should be a government priority, this is not the case and government has not yet mastered managing transport and logistics from a macroeconomic perspective, Stellenbosch University (SU) logistics professor Jan Havenga told delegates at a recent meeting of the Transport Forum, in Durban. Print Send to Friend 1 0 He added that a great deal could be gleaned from the Logistics Barometer launched by SU’s Logistics Department earlier this year. The barometer measures logistics costs as a percentage of a country’s gross domestic product (GDP) and unpacks this to […]

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Petrolprys daal

In ’n week vol nare syfers – oor ekonomiese groei, die rand en meer – was daar darem Vrydag ’n ligstraaltjie: Die petrolprys daal eerskomende Woensdag met 69c per liter. Dit werk uit op R34,50 per tenk van 50 liter. Dit is die derde agtereenvolgende daling in die petrolprys en beteken ’n liter 95-oktaan-petrol kos jou nou R12,37 in die binneland en R12,14 aan die kus. Die Automobiel-Assosiasie (AA) waarsku egter dat dit moontlik die laaste daling in die petrolprys is. Dít omdat dit lyk asof die rand verder kan verswak én omdat internasionale brandstofpryse dalk nie nog verder sal kan daal nie. […]

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TPT gets set to develop R8 bn bulk terminal

The granting of a permanent operating licence for the manganese terminal at the Port of Ngqura gives Transnet Port Terminals the green light for the estimated R8 billion development of a bulk minerals export terminal. The terminal is set to handle its first vessel in February 2019. “It’s all systems go for us to relocate our Port Elizabeth manganese operation by the 2018/19 deadline. We will operate the existing two deepwater dry bulk berths C100 and C101 at the Port of Ngqura (PoN) while the full expansion project ramps up to meet an anticipated throughput demand of 16mt per annum […]

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Saying You Don’t Have Time to Start a Business. Make Time With These 6 Tips.

Think of how many amazing business ideas are left on the shelf to collect dust because they are not pursued. Dreams are left to die because their creators assumed that he or she didn’t have the time to start a business. What a horrible excuse. If you have an idea for a business, go for it. Why? Because if you don’t, you are going to regret it and you might be passing on a truly amazing experience. “I’ll start it next year.” What if there isn’t a next year? “I’m not sure if now is the time.” If you don’t […]

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