Oil prices seem to be settling in a range between $75 and $85, while the rand, at levels below R18/$, is showing signs of strength. This means that we might even have more petrol price cuts in the upcoming months. Moneyweb PetrolPrice
The global economy is heading towards an evermore uncertain place. Late in 2021, markets anticipated that central banks around the world would start to increase interest rates, and they subsequently did. Now, almost 18 months later, economies are giving mixed signals. Inflation is coming down in key regions like North America and Europe, but not enough. Some economies, like India, are showing signs of life, but others, like China, are really struggling.
On Wednesday, the unleaded petrol price fell by 17 cents a litre, while 93 octane was lowered by 24 cents a litre. Over the past month, global oil prices fell slightly, mostly owing to fears about a global economic slowdown but also because large oil-producing countries decided not to cut production at their last meeting. The average rand-dollar exchange rate for the past month was R18.68/$, slightly lower than the R18.98 we had during the previous month.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Personal Finance | Financial Stress is pushing South Africans to the brink | City PressMoney: We are stressed | A recent report by Old Mutual and Debt Busters shows how financially stretched South Africans are. Can you relate to this? How are you coping?
Read more »
Savings month: this is what South Africans save for | The Citizen🛒💰 South Africans prioritise saving for food and funeral costs, reflecting the impact of high prices, interest rates, and limited savings during stressful times for individuals and households. 📈 Full story ⬇️
Read more »
Most South Africans don't have enough for retirement - IT-OnlineDeloitte’s South African Investment Management Outlook for 2023 recently revealed that the country’s savings rate sits at only 0,5% and is below that of most emerging market peers. Equally concerning was a report from Genesis Analytics in partnership with the Financial Sector Conduct Authority (FSCA) that showed that 90% of South African retirees cannot maintain […]
Read more »
Grocery items on the chopping block for cash-strapped South AfricansMany South Africans are reducing their expenses on various food categories to make their monthly budgets last longer.
Read more »
PODCAST | HEALA calls on South Africans to rethink food choices - SABC NewsThe Healthy Living Alliance (HEALA) is calling on South African consumers to rethink their food choices.
Read more »