--
 
Renault's new Kadjar: Dare to live

Explore uncharted territory with the New Renault Kadjar. #DareToLive

Good debt vs bad debt: Get clued up!

A large percentage of South Africa is currently in debt and what is not always fully understood is that debt is not just debt.

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.



Inside Wheels24

How VW's Amarok helps abused victims in SA

Volkswagen's social test drive programme sees the automaker delivering much needed supplies and equipment to disadvantaged communities in South Africa.

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