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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Self-belief is the biggest ingredient for success

A successful entrepreneurial journey starts with a determined vision, a little bit of self-belief and faith in your own ability. According to Erina van Schalkwyk, owner of GEL Supply Chain and entrant of the 2016 Entrepreneur of the Year® competition sponsored by Sanlam and BUSINESS/PARTNERS, this is the winning recipe for a thriving business and fruitful entrepreneurial adventure. Erina and her husband, Gert, have had an exciting journey in the logistics sector over the last few years, and even more so recently with the opening of new successful businesses in 2015. Inspired to support her family after her father’s unexpected […]

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Wheat import tariffs raised 

The ministry of finance has approved a 34% import tariff increase on wheat imports to R1 224.31 per tonne from R911.20 per tonne. The National Treasury granted Grain SA’s request but, in a statement, expressed concern about the effect of the automatic tariff formula on the price of bread and other staple food. A spokesperson said therefore that Treasury had asked trade and industry minister, Dr Rob Davies, to institute an urgent review of the increase. The controversial request by Grain SA has met with some opposition. The National Chamber of Milling (NCM) executive director, Boikanyo Mokgatle, said recently: “Why […]

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Transport and rail sector under review

The current state of affairs within South Africa’s transport sector, specifically the rail sector, has been informed by a variety of legislative and policy documents with various rail initiatives. These have been launched over the years by different stakeholders, often leading to uncoordinated objectives in the utilisation of rail infrastructure. As a result, the rail sector has existed in the absence of an over-arching rail policy. South Africa is currently undergoing a regulatory ‘restructuring’ evidenced by the various policies and draft Bills which have been or are in the process of being promulgated. Historically, road and rail-based passenger services in […]

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