Two foreign nationals will appear in court on Monday for attempting to hijack a truck.  The two were part of a gang that attacked a fuel tanker. The tanker was travelling on the N5, near Harrismith, coming from Durban and on the way to Bloemfontein. Free State police arrested two foreign nationals for attempting to hijack a fuel tanker on the N5, outside Paul Roux, at midnight on Thursday. The…

The petrol price could hit R24 in April, and where it goes from there is in part up to Russia and Nato. The record-high prices are making it pretty expensive to drive between South Africa's cities.  A one-way trip from Johannesburg to Durban will cost the average motorist R1,000. Go to Cape Town, and the price hits R2,400. For more stories go to www.BusinessInsider.co.za. In April, one litre of petrol bought inland…

A North West police officer and a petrol attendant were arrested for allegedly misusing state funds. The two allegedly colluded by using petrol cards to defraud the state of R16 000. They have since been charged with 14 counts of fraud and defeating the ends of justice. A North West police officer and a petrol attendant are facing charges of fraud amounting to R16 000 and defeating the ends of justice…

There are fears that the already record-high petrol price could reach R40/litre. Checkers’ Sixty60 is using the high petrol price angle in its sales categories. The app has previously referenced Netflix’s “Tinder Swindler” and load shedding in a similar fashion. For more stories go to www.BusinessInsider.co.za. The marketing people at supermarket chain Checkers' Sixty60 online delivery service are not ones to miss a beat. They tapped into the hype of Netflix’s…

Fuel prices are at a record high, with a R2 increase expected for April. Finance Minister Enoch Godongwana says the economy needs short- and long-term measures. An announcement is to be made in next few weeks. Finance Minister Enoch Godongwana says government hopes to cushion consumers from the spiking oil price, at least temporarily, for the months of April and May. "I can’t reveal the details at this stage. We…

Drivers who contract with Uber, Bolt and other ride-hailing services in South Africa embarked on a strike to protest against record-high fuel prices and put pressure on the government to pass industry regulations to protect their rights. The nationwide strike will continue for three days starting Monday, said Vhatuka Mbelengwa, a spokesman for the drivers. A meeting held with government officials on Sunday failed to prevent the labour action, and…

Russian oligarch's yacht captain told the WSJ the crew has barbecued freshly-caught fish as suppliers refuse to fuel the ship. $85 million superyacht believed to belong to Vladimir Strzhalkovsky has been stuck in Norway for over a month. Strzhalkovsky hasn't been sanctioned by the EU, meaning Norway can't seize the vessel. For more stories go to www.BusinessInsider.co.za. The crew aboard a Russian oligarch's superyacht in Norway is catching and barbecuing fish…

Soldiers were deployed to petrol stations in Sri Lanka to help quell unrest over fuel shortages. The country is battling its worst economic meltdown since independence, with resulting shortages of essential goods. In addition to fuel, food, cooking gas and other essentials are also in short supply, and angry protesters have taken to the streets. Colombo – Sri Lanka ordered troops to petrol stations on Tuesday as sporadic protests erupted…

Oil prices extended their rally Tuesday on supply worries as European leaders debated banning imports from Russia, though equities stood their ground despite a tepid Wall Street lead and the prospect of a sharper hike in US interest rates. Both main crude contracts started the week by soaring more than seven percent Monday as EU nations discussed following Washington and putting an embargo on Russian energy imports for its war…

Oil rose for a third straight day as the war in Ukraine neared the end of its first month with no end in sight The global oil market has been pitched into turmoil by Russia’s invasion of Ukraine, with the US and Europe imposing sanctions on Moscow and crude buyers shunning the country’s cargoes In the Middle East, Yemen’s Houthi rebels attacked at least six sites across Saudi Arabia late…