fuel pricelatest news & developments
CAPE TOWN, SOUTH AFRICA – MARCH 31: A petrol attendant fills a car on March 31, 2026 in Cape Town, South Africa. Motorists in South Africa are expected to see the price of petrol rise by about 15% and diesel up to 40%, despite the South African government introducing a reduction in fuel levy for April by 3 rand, as the global supply chain continues to be impacted by the conflict in the Middle East, and Iran’s closure of the Strait of Hormuz. (Photo by Per-Anders Pettersson/Getty Images)
CHRIS HATTINGH

Fuel relief puts Godongwana (and Kganyago) in a bind  

Treasury’s fuel-price relief ends in July, and if the Iran war drags on, the prime interest rate could surge above 11.5%

  • Vernon Wessels
  • Enzokuhle Sabela
5 min read
Fuel relief. Gallo Images/Misha Jordaan/ Pexels/Jan van der wol / Currency collage
BONDS

Phew! Relief at the fuel pumps, but rate risks linger 

Godongwana’s fuel relief buys policymakers breathing room, but economists warn the inflation risk isn’t gone – just deferred

  • Vernon Wessels
6 min read