For more finance news, go to the News24 Business front page. As oil prices plunge to their lowest levels since 2021, diesel prices look set to ease from record highs next week. But petrol may still see a hike. According to the latest information from the Central Energy Fund, petrol prices may be hiked by 38c to 48c a litre on Wednesday. But diesel may be cut from record-high levels, and currently looks…

For more financial news, go to the News24 Business front page. Online retail group Takealot, which also owns clothing business Superbalist and Mr Delivery, suffered a loss of $13 million (R223 million) in the six months to end-September. Takealot is owned by Naspers, which released its half-year results on Wednesday. READ | Naspers says worst of losses should be behind it after hefty spend Last year, Takealot narrowed its half-year loss to $2 million in…

Public Enterprises Minister Pravin Gordhan said interventions into Eskom's diesel needs would be announced in the coming days. Eskom said last week that it had overspent its budget for diesel and had no more cash to buy new stocks until 1 April. Gordhan said the government would update South Africa on the state of Eskom's diesel challenge later on Wednesday. For more financial stories, go to the News24 Business front page. A plan to…

For more financial news, go to the News24 Business front page. South Africa’s shrinking refinery capacity could be impaired further without financial support for upgrades needed to meet new clean-fuel standards, according to an industry lobby group. Of six refineries operating nationwide in 2019, only two are currently producing fuel, reflecting an 80% output drop due to unplanned shutdowns, Avhapfani Tshifularo, executive director of the South African Petroleum Industry Association, said in a statement.…

For more finance news, go to the News24 Business front page. According to the latest information from the Central Energy Fund, petrol prices may be hiked in the first week of December, ahead of South Africa's peak travel season. However, diesel could ease from record high levels. The fuel prices are usually adjusted on the first Wednesday of a month and determined by the price of oil and the rand-dollar exchange rate. The…

Cruise control is one of those creature comforts found in most new vehicles, but it's often an optional feature. The general consensus is that it is supposed to be a fuel-saving feature. MasterDrive CEO Eugene Herbert shares some helpful information on how and when this feature should be used, or else it could just see your fuel consumption increase. Earlier in November, motorists again paid more for petrol and diesel. This was…

Russia is sending an ice-breaking tanker of oil to China via the Arctic Circle, Bloomberg data shows. It's the 2nd time a cargo of Russia crude has taken the shortest passage between Europe and east Asia. It could open up a quicker route to Asia, with an EU ban on seaborne Russian oil due next month.  For more stories visit Business Insider. Russia is sending an ice-breaking tanker of oil…

Gauteng Hawks arrested two people for fuel theft in Vosloorus on Wednesday night. A Transnet depot in Germiston raised the alarm about suspicious tampering of the national pipeline.  Hawks spokesperson Lloyd Ramovha said police seized a truck and other equipment during an investigation.  The Hawks have arrested two men for alleged fuel theft from the national pipeline in Vosloorus, east of Johannesburg. The men, aged 26 and 30, were arrested…

A sanctioned Russian oligarch's superyact, the Nord, was destined to arrive in Cape Town on Wednesday, but it is unclear where she went. The yacht stopped transponding data soon after leaving Hong Kong in late October.  The South African government has said that they have no problem with the yacht arriving since the country has no legal obligation to abide by sanctions imposed by the US and EU. For more…

Fossil fuel companies are using Google ads to downplay their role in climate change, a study by a non-profit shows. Google says it prohibits ads that promote climate disinformation, but has not made public how many ads it has removed. Oil giants such as BP, ExxonMobil, Shell and Aramco - have spent $24 million on Google ads over the past two years. For more financial news, go to the News24 Business front page.…