Petrol price pain in October as dark clouds gather for South Africa

These are the 10 biggest stories you may have missed this week | South African motorists are in for a blow at the pumps in October, with the latest data from the Central Energy Fund (CEF) pointing to another massive hike for petrol and diesel. [BusinessTech logo]( [Top stories this week]( [◼ Here is the expected petrol price for October]( South African motorists are in for a blow at the pumps in October, with the latest data from the Central Energy Fund (CEF) pointing to another massive hike for petrol and diesel. [◼ Another of South Africa’s biggest malls is up for sale]( The biggest shopping mall in the Free State – Bloemfontein’s Loch Logan Waterfront – is up for sale by closed tender. [◼ Two big problems for rooftop solar in South Africa]( While the National Treasury and SARS have launched two key tax incentives to boost investment into renewables and rooftop solar in South Africa, Eskom and energy regulator Nersa’s tariff restructuring could undermine them. [◼ New rules for complexes, estates and gated communities in South Africa]( The Residential Communities Council (RCC) is looking to amend its code of conduct regarding how personal information is handled in South Africa. [◼ Good news for salaries and wages in South Africa]( The latest inflation expectations survey from the Bureau for Economic Research (BER) shows that analysts, businesses and trade unions expect better salaries to be paid in 2024 – all while anticipating a steady decline in inflation. [◼ Perfect storm hits South Africa]( The severe economic challenges that have hit South Africa over the past 18 months are now at their harshest, according to economists, as mounting issues converge to push households, businesses and industries down. [◼ Red flags for landlords in South Africa]( TPN Credit Bureau has released its Vacancy Survey for the second quarter of 2023, revealing the most popular rental bracket in South Africa right now. [◼ Dark clouds gather for South Africa]( South Africa’s economy is facing an incredibly tough third quarter as increased load shedding, rocketing petrol prices, frequent incidents of social unrest, and slowing global growth threaten to bring a storm of economic pain. [◼ Ramokgopa’s ‘short-term pain, long-term gain’ load shedding plan explained]( Statements from the Electricity Minister, President, and Deputy President created a false impression that load-shedding increased because of higher-than-usual maintenance. [◼ Eskom hits a $1 billion milestone – and it’s no cause for celebration]( South African electricity outages remain at record levels despite the appointment of the electricity minister and the power utility burning through vast quantities of diesel to bolster output. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your Preferences]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 17-09-2023 is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic