By: Nicola Mawson – IOL Business

As food inflation surged to a 15-month high of 5.1% in June, far outpacing overall consumer inflation, this is set to have a devastating effect on South Africans, with research showing that a 1% increase in food prices can reduce household welfare by a staggering 21.3%.

South African motorists can expect a welcome drop in petrol prices next week, with the latest data from the Central Energy Fund (CEF) pointing to a 30 cents per litre reduction. Meanwhile, diesel users will face steeper costs, as prices are projected to rise by up to 65 cents per litre.

By: Siphelele Dludla – IOL Business

The consumer price inflation in South Africa has edged upwards, reaching 3% in June after holding steady at 2.8% for the previous two months.

By: Nicola Mawson - IOL

South African small and medium-sized enterprises (SMEs) are facing mounting pressure from global and local headwinds, including looming US tariffs, rising fuel and electricity prices, and uneven access to funding.

South African drivers can expect some financial relief at the petrol station next week, as petrol prices are anticipated to dip thanks to falling global oil prices and a stable rand.However, diesel users aren’t likely to share in that relief, with a notable price increase expected in August due to global supply constraints.

Consumers across South Africa are facing higher beef prices as a result of supply shortages caused by a recent outbreak of foot-and-mouth disease (FMD) at one of the country’s largest cattle feedlots.

By: Jason Woosey - IOL

Following four consecutive months of decreases, fuel prices are set to increase again in July following a spike in international oil prices.

By: Yogashen Pillay – Business Report

The Pietermaritzburg Economic Justice and Dignity Group (PMBEJD) on Wednesday (25/06/2025) warned that concerns have grown over affordability despite household food basket seeing a slight dip in June.

By: Ashley Lechman - IOL

The escalating conflict between Israel and Iran is sending ripples through global markets, raising concerns over potential economic repercussions especially closer to home in South Africa and the impact on consumers in the country.