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.…

WATCH | Fuel for your day: Petrol Pump Oracle gets new owners, but chalkboard wisdom to remain The Petrol Pump Oracle, a legendary chalkboard outside a Johannesburg filling station, will have new owners. Former owner Alison Purchase is parting ways with the petrol station - and the board. Purchase said the new owners are expected to continue with the tradition. If you live or work in or around Hyde Park…

The department of transport wants to create a new state-owned enterprise, the South African Shipping Company. It would own at least one oil tanker, at least one chemical tanker, and a small fleet of other vessels. SASCO would be "the preferred national shipping carrier", and would operate its own warehouses and refuelling operations at sea. Under an existing policy, it would also have preferential access to SA ports. For more stories, go…

For more finance news, go to the News24 Business front page. On Wednesday, the price of unleaded petrol (both 93 and 95), will increase by 51c a litre, while diesel will rise by R1.43 a litre. This will push the Gauteng price of diesel to R25.49 a litre - a new record high. A year ago, Gauteng's diesel price stood at around R17.20 per litre. In Gauteng, 95 petrol will cost R22.87 a…

For more financial news, go to the News24 Business front page. The Department of Mineral Resources and Energy (DMRE) has insisted there is no imminent shortage of liquid fuel in the country. A statement from the department was published in response to comments made by the Liquid Fuel Wholesale Association, as published by Independent Media's Business Report and other, that warned fuel-shedding could become a reality if strategic stocks are not built up in…

The Hawks seized five luxury vehicles among other items during a search operation at the premises of the alleged fuel theft kingpin in Witbank, Mpumalanga. Spokesperson Philani Nkwalase said the value of the vehicles and cash seized had not been determined. The alleged kingpin will appear in the Vrede Magistrate's Court on Friday after authorities have compiled evidence to include in the court docket. The Hawks raided the premises of…

Get the biggest business stories emailed to you every weekday, or go to the News24 Business front page. Shares of chemicals and energy group Sasol slumped almost 7% on Thursday, after it said it is still assessing the impact of the recent strike at Transnet, where unions recently reached a wage settlement, as well as counting the costs of a fire at the alcohol unit at its Lake Charles project in the US. A wage dispute…

The economic uncertainty brought about by global factors has had a significant impact on South African households. One of the results of this economic uncertainty is the impact it has had on global oil prices and subsequently, the price that consumers pay to put fuel in their vehicles or buy paraffin for household use. Fuel is an essential part of our daily lives which enables us to commute daily, travel…