Apart from domestic factors like load-shedding, the war in Ukraine is continuing to have a key impact on the rand’s value.
Headwinds of load-shedding, fuel price hikes and rising interest rates hamper growth.
South Africa and Ghana follow in the wake of Nigeria’s e-Naira launch last October.
Q2 Absa Manufacturing survey shows additional headwinds have caused a decrease in confidence.
Figures reveal knock-on effect of escalating rates.
Outa and the AA have urged the government to review outdated fuel price structure.
Bleak time for consumers ripples through to the liner trade.
Thousands of jobs will be shed if the government does nothing to provide investment support for a takeover of the Western Cape production facility.
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In May 2021 it costs R729 to fill a 45-litre tank. Twelve months later, filling the same tank costs R1 065.
