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Alarming acceleration in business decline

The Standard Bank Purchasing Managers’ Index (PMI) on Wednesday showed private sector business activity in South Africa declined for the third successive month in June, with the rate of contraction accelerating the fastest since April last year.

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Even lower fuel price expected in July

Fuel prices are expected to decline even further in July. According to the latest information from the Department of Energy announced this morning, the price of gasoline 93 (ULP & LRP) in Gauteng can decrease on Wednesday, 5 July 2017 by 67,6 cents per liter and the price of diesel with a 0.005% sulphur content by 60,7 cents per liter, says independent economist Fanie Brink.

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Lower fuel price expected in June

Fuel prices are expected to decline in June. According to the latest information from the Department of Energy announced this morning, the price of gasoline 93 (ULP & LRP) in Gauteng can decrease on Wednesday, 7 June 2017 by 24,4 cents per liter and the price of diesel with a 0.005% sulphur content by 19,2 cents per liter, says independent economist Fanie Brink.

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