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International stocks drop as oil near $105 fuels inflation fears

A surge in oil sent shivers through risky assets Tuesday, reversing an early recovery in American stocks and sending some European markets down 4%. Bonds rallied amid concern about the impact...

Global food prices dip in December

The Food and Agriculture Organisation of the United Nations (FAO) has reported that world food prices fell slightly in December as international prices for vegetable oils and sugar fell significantly from...

Good news for motorists as fuel prices drop

According to the Automobile Association (AA), there will be a decrease in fuel prices across-the-board from 5 January 2022. The AA commented on price movements announced by the Department of Mineral...

Old Mutual’s share price drops 13.2% from unbundling of Nedbank stake

OLD MUTUAL’S share price closed 13.2 percent lower to R14.20 yesterday in line with predictions that the price was likely to be volatile following the unbundling of a 12.2 percent stake...

Petrol price predicted to drop in December

The petrol price is predicted to slightly decrease in December, just in time for the festive season. Mid-month data from the Central Energy Fund (CEF) reveals that that petrol 93 and 95 are...

Relief at pumps as fuel price drops for November

There's good news for South African motorists as the Automobile Association (AA) says that the fuel price is set for a solid decrease in November. Here's what you need to know. Fuel...

Price of petrol to drop in October

South Africa’s drivers will be happy to hear that don’t need to fork out more money when filling up their tanks in October – the Automobile Association (AA) announced that fuel prices...

Repo rate falls to, 3.5% — its lowest since 1998

The South African Reserve Bank (Sarb) has cut the repo rate by another 25 basis points, to 3.5% a year, from 3.75%. The repo rate determines the interest rate at which the central bank lends money...

Rental property prices expected to drop by 10%

The COVID-19 pandemic has impacted many spheres of everyday life, but one of the biggest is the the rental market. In March, just before South Africa went into full lockdown, just over...

Petrol prices to drop to five year low in May

The Automobile Association (AA) has said that petrol prices in May will decrease, following on from the significant drop in April. The expected drop comes as result of unaudited month-end data published...

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Cape Town has the ninth-worst traffic congestion in the world

By Larry Claasen The City of Cape Town will spend R444-million to relieve traffic congestion over the next three years. TRAFFIC congestion in Cape Town ranks...

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