Today's Labour News

newsThis news aggregator site highlights South African labour news from a wide range of internet and print sources. Each posting has a synopsis of the source article, together with a link or reference to the original. Postings cover the range of labour related matters from industrial relations to generalist human resources.

petrolpumpThe Citizen reports that Energy Minister Jeff Radebe has confirmed the government is considering a maximum fixed price for unleaded petrol as a solution to the consecutive increases the country faced in recent months.  

A task team comprised of officials from the Department of Energy and the national treasury has been set up to find a solution that will help cushion the financial blow of the ever-increasing petrol price.  “Government is deeply concerned by the rising cost of petrol in South Africa which is largely caused by the rand-dollar exchange rate, and the price of crude [oil],” said Radebe at a post-cabinet briefing on Thursday.  The task team has until 18 October to gather the necessary information.  This will be followed by a look into what needs to be done to make the fuel price cap a legally viable decision.  Consumers were granted a “once off” reprieve back in September after government intervention capped the fuel price increase at 5c.

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