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.

petrolpumpBusinessLive reports that according to the Automobile Association (AA), retreating oil prices have painted a rosier picture for South African fuel users than has been the case for much of 2019.  

Commenting on unaudited mid-month fuel price data released by the Central Energy Fund, the AA predicted a decrease of 91c/litre in the petrol price, 70c in the diesel price, and 62c for illuminating paraffin in July.  The association noted that there had been a remarkable drop in the price of oil since the end of May, with the commodity currently trading at about $61 a barrel.  But, South Africans were not getting full value, “thanks to rand jitters in the wake of the ANC top leadership trading jibes over the future of the Reserve Bank."  Nonetheless, AA expects the price drops to be substantial

  • Read the full original of the above report at BusinessLive


Get other news reports at the SA Labour News home page