Finance Minister Nhlanhla Nene dealt motorists one of the biggest blows in recent times with the announcement of a 48 percent increase in the Road Accident Fund levy, from R1.04 a litre to R1.54 a litre effective April. The 50 cents per litre increase in the RAF levy is a symptom both of the magnitude of the road safety crisis facing South Africa and the government's inability to rein it in.
2015 is going to hold a few shocks for households. Finance Minister Nhlanhla Nene has already raised the prospect of taxation increases and there are likely to be other squeezes from consumer price inflation and interest rates.
The months-long downward trend in fuel prices has reversed sharply in February. This is according to the Automobile Association, which was commenting on unaudited mid-month fuel price data issued by the Central Energy Fund.
Continued declines in international fuel prices have offset a marginally weaker Rand/US dollar exchange rate and motorists look set to reap the benefits at month end. This is the word from the Automobile Association, which was commenting on unaudited mid-month fuel price data from the Central Energy Fund.