--
 
How to buy a classic motorcycle in SA?

'There are a few things you need to consider,’ writes bike guru Dries Van der Walt.

Top family cars in SA

Wheels24's Janine Van der Post has gone from a 'SpeedQueen' to a supermom. Check out her list of top family cars.

Fuel-price breather as exchange rate recovers - AA

2016-02-16 12:14

RAND RECOVERY: Petrol users are in for much-needed relief, says the Automobile Association of South Africa. Image: Fleet Magazine

Johannesburg - Ongoing oil price weakness has been bolstered by a strengthening in the Rand / US dollar exchange rate.

This according to the Automobile Association (AA) which was commenting on unaudited mid-month fuel price data released by the Central Energy Fund (CEF).

The AA said: "The Rand has recouped some of its losses against the dollar and traded in a fairly narrow band since the end of January. This is allowing South Africans to benefit from lower international petroleum prices and provides some cushioning against any upward movement."

Much-needed relief

Petrol users are in for much-needed relief; current indicators show a decrease of 56 to 59 cents a litre, with about 11 cents attributable to gains in the Rand.

The AA said: "It would benefit the economy considerably if the current environment of low petroleum prices and a flatter exchange rate were to continue."

Although the international price of diesel climbed slightly in the first half of February 2016, the exchange rate offset some of diesel's gains – without the stronger exchange rate, the increase would have been 17 cents a litre instead of the seven cents a litre currently predicted.


NEXT ON WHEELS24X

Inside Wheels24

WATCH: Joburg traffic cop corruption caught on dashcam?

A motorist has allegedly captured JMPD traffic officer corruption via his dashcam. The driver? Tony Beamish, senior journalist from Carte Blanche. Watch his clips and decide for yourself.

There are new stories on the homepage. Click here to see them.