Road Freight Association says lower petrol prices should lead to lower fuel prices; SANDF warns of low morale and budget cuts hit; Eskom says two more metros are now struggling to pay up their debts; and German authorities reportedly investigating links to state capture in South Africa.
The Department of Energy is expected to soon announce cuts for petrol and diesel prices in South Africa, to take effect this Wednesday . The Road Freight Association says that the cuts – expected in the region of R2.30 per litre for petrol and 85 cents per litre for diesel – will positively impact the cost of food, which soared as the truck industry tried to keep up with the relentless fuel hikes.
Manguang is under administration as negotiating with the power utility, while Ekurhuleni is partially paying its bills and settling weeks late. Eskom has threatened to disconnect Tshwane over non-payment. The power utility has almost R50 billion in municipal debt owed to it.
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