By: Jason Woosey - IOL

Petrol and diesel prices are set to come down from Wednesday, June 5, according to a statement released by the Department of Mineral Resources and Energy (DMRE).

By: Opinion – IOL Business Report

South Africans have been collectively waiting with bated breath for some small financial reprieve from the relentless price hikes of the past few years that have driven them to the brink of despair, chief among these being the highest interest rate the country has had to contend with in over a decade, fuelled by soaring inflation.

Stats SA reports that retail trade sales increased by 2.3% year-on-year in February 2024. The largest contributor to this increase was general dealers (6.4% and contributing 2.8 percentage points).

By: Given Majola - IOL Business

South African consumers’ disposable income was being eroded by persistently high interest rates and inflation (especially food inflation) while a lack of any meaningful economic growth was constraining their salaries.

By: Xolile Mtembu - IOL

South Africans spend over one-third of their income on food, and growing costs have a significant impact on their finances.

By: Siphelele Dludla – IOL Business Report

THE Automobile Association (AA) has warned of another petrol price hike in May that will push the cost of living even higher for financially-constrained consumers, as inflation also remained sticky above 5% in March.

By: News24

Petrol will be hiked on Wednesday (03/04/2024), while wholesale diesel prices are mixed.  

For many, Easter is a time of celebration and tradition, marked by gatherings with loved ones and delicious meals. However, the financial strain brought on by the increased cost of living may require families to adjust their usual celebrations, which includes cutting back on spending.

By: Given Majola - IOL Business

Consumers got a reprieve at the till this month as the cost of the average household food basket showed a marginal increase.