With crime seemingly on the rise in Ilitha Park, various stakeholders in the community picketed along Spine Road on Friday 3 June in an attempt to quell the situation. The picket was led by the Lingelethu West Police Station and featured a prayer. According to police, crime is on an upward trajectory in the area, with carjackings and robberies leading the pack. The station’s spokesperson Sgt Xoliswa Nyalambisa said it…

Deregulating the fuel price will not bring prices down but will hurt the already marginal fuel retailers, the industry has warned. "There is now pressure for us to actually cut margins through competition with each other, which is absolutely impossible," said Reggie Sibiya, CEO of the Fuel Retailers' Association, in opening the association’s 2022 conference on Wednesday. The retail margin is R2.28. If removed, fuel retailers will not survive, he…

While the Russian invasion of Ukraine may feel thousands of kilometres away, locals are feeling the pinch as fuel prices soar to record highs. With the most recent fuel increase of R2,43 per litre of petrol and R1,10 per litre of diesel South Africans are having to tighten their belts just a little more. Now at a staggering R23,52 per litre of petrol and over R22 per litre of diesel…

Over the past few months, South African consumers have been hit by steep price increases that have dramatically affected their quality of life. It has become increasingly more expensive to buy food and other essentials, to pay for basic services and to use public or private transportation. While these rising costs affect everyone, low-income households are feeling them the most. The latest Consumer Price Index for April 2022 published by…

An alleged cloned fuel cards racket has been bust. Four people were arrested during the bust after a truck driver allegedly tried to pass off a cloned card at a filling station in Table View.  Police, the banks and the Hawks worked together to make the arrests. A Parklands truck owner who allegedly bought and used cloned credit cards to fill up his fleet was arrested in Cape Town on…

Germany continues to rely on Russian natural gas imports. German vice-chancellor Habeck said the country is "ashamed" that it still buys gas from Russia.  But, he said, sanctions are making it difficult for Putin to spend proceeds from oil and gas sales. For more stories visit Business Insider. Russia may still be raking it in from its oil and gas sales, but Moscow can "hardly spend" money due to sweeping sanctions, said…

• The latest trending vehicle crime sees fuel tanks being punctured and then drained of the fuel.  • Depending on the make and model, fuel tanks are costly whether second-hand or new.  • It could cost up to R25 000 to replace. The announcement of fuel prices increasing by up to R2.43 and R1.10 per litre for petrol and diesel obviously didn't sit well with motorists, with it being the…

Oceana has seen its headline profit fall by 50%, due in part to higher costs related to lengthy audit process and forensic investigation. The owner of the Lucky Star canned fish brand hiked prices in January, and plans another increase next week due to fuel and freight cost pressures.  After PwC resigned as its auditor, citing a strained relationship with Oceana’s board, Oceana said it is "well placed" to appoint…

A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations. The surge in prices comes in tandem with a spike in the cost of food has hit government and aid agency budgets, putting at risk the livelihoods of tens of millions of people already living…

This month, you'll be expected to dig even deeper into your already emptying pockets in order to afford the mere basics – bread, grains, oil and petrol. However, as the fuel prices rise from the first week of June, financial expert Thobelani Thwala advises consumers not to panic. Rather start considering alternatives to adjust to the upcoming increase in the cost of living, says the financial planner. “Look out for…