Industry News

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31
Jul

SEE | Here’s how much fuel you can purchase with the average South African salary in 2020

The average South African in 2020's first half was R19 269. • One can purchase 1345L of fuel with that money. • The price of petrol dropped by 4.1% compared to January - June 2019. • For more motoring stories, go to www.Wheels24.co.za Did you know that between January and June 2020, the average South African income was R19 269? And for motorists, that income must cover the additional expense of fuel. But have…

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30
Jul

Truck petrol bombed as protests flare up again in Cape Town

A truck was petrol bombed as protesters took to the streets for the second day in Happy Valley near Blackheath. A case of public violence was opened and the incident is being investigated. The R300 was closed in both directions between Van Riebeek and Hindle Way for a while, due to the protests. A truck was petrol bombed on Tuesday when protesters took to the streets for the second day in Happy Valley near Blackheath,…

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29
Jul

Fuel prices set to increase in August despite strengthening rand, says AA

The Automobile Association says fuel prices are set to increase in August despite the strengthening rand. The association was commenting on unaudited month-end fuel price data released by the Central Energy Fund. "As matters currently stand, petrol is likely to increase by between nine and 16 cents a litre, diesel by up to 48 cents, and illuminating paraffin by 43 cents," it said. The AA said that, while oil traded…

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27
Jul

Kaap Agri still keen on fuel and retail despite lockdown pains

Kaap Agri has ploughed millions into growing its retail fuel business and attached restaurants and convenience stores. But with travel restrictions in place, people are filling up their cars less and using forecourt outlets less. Kaap Agri CEO, Sean Walsh says the company can fix its costs to deal with these short-term pressures but it is still going to make further investments to grow The Fuel Company in the medium-term. In…

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23
Jul

Suspects arrested for allegedly defrauding Sasol to the tune of R279 million

Four men have appeared in court for allegedly defrauding Sasol of R279 million in 2011. This was allegedly done by bribing an FNB bank manager to issue unauthorised bank guarantees. More suspects are expected to appear in court soon. Four people, including two companies, appeared briefly in the Johannesburg Magistrate's Court on charges of racketeering, corruption and fraud that allegedly bagged them a cool R279 million from Sasol using invalid…

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22
Jul

Another fuel price increase set for month end as the oil market rebounds

We've seen dramatic fuel price decreases a few months ago, however, the oil market has been on the rebound resulting in price hikes during the last couple of months. Oil's recent price advances slowed in the first half of July, putting a ceiling on potential fuel price increases as the Rand traded mostly flat against the US dollar. This is according to the Automobile Association (AA), which was commenting on…

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17
Jul

More petrol pain may be coming next month — but fuel should still be cheaper than pre-lockdown

According to current estimates, petrol and diesel prices will again be increased next month. This is despite a recovery in the rand. There are still two weeks to go before local fuel prices are set for August.  For more articles, go to www.BusinessInsider.co.za. Early indications are that petrol prices may be hiked – again – in August. The Gauteng petrol price (95) fell from R16.16/litre at the start of the year…

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13
Jul

Covid-19 constraints hit Botswana fuel supply, leading to shortages

The Covid-19 lockdown, which has seen local fuel refineries reduce output, has led to shortages in neighbouring Botswana, which has not been able to receive normal deliveries since the easing of the national shutdown. The landlocked country, which relies largely on South Africa for its fuel imports, has faced severe supply constraints over the past two weeks. The shortages have resulted in panic buying among some consumers, prompting the government…

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08
Jul

SEE | Here are the five most fuel efficient cars in SA

Fiesta most fuel efficient car in SA • Kwid the only petrol option in the list • Audi, BMW, Mercedes each have a car in the list With fuel prices set for an increase in July, South African motorists will soon find themselves on the same price levels as before lockdown. It will no doubt irk many, but unfortunately, there is little one can do about it.  However, if you are in…

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06
Jul

PICS | Cape Town refinery blast: No danger to surrounding area, says company

Astron Energy says there is no immediate danger to the surrounding area of Milnerton in Cape Town. Two people died in the explosion and seven others were injured. Pictures show officials on scene inspecting after the early morning blast. Astron Energy company has assured the surrounding communities of its Milnerton site in Cape Town that there is "no danger" to the area after two employees died in a massive blast.…

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