South Africa’s petrol and diesel price disaster claims its first victim

Surging oil prices following the US-Israeli strikes on Iran have driven a sharp rise in South African interest in hybrid and electric vehicles, while diesel vehicle enquiries have dropped. View online Friday, 27 March 2026 Your daily update South Africa's petrol and diesel price disaster claims its first victim Surging oil prices following the US-Israeli strikes on Iran have driven a sharp rise in South African interest in hybrid and electric vehicles, while diesel vehicle enquiries have dropped. R1 million gift for South African taxpayers South Africa's Treasury has doubled the Single Discretionary Allowance to R2 million per year, giving taxpayers greater flexibility to move money offshore. Making billions by sabotaging Eskom Coal-trucking syndicates sabotaged conveyor belts and railways to profit from expensive road transport and coal price arbitrage during the past decade's load-shedding crisis, which is now under control. Sim Tshabalala's last test as Standard Bank CEO Standard Bank is launching a three-year strategy to 2028 that builds on its successful SBG 2025 plan, targeting strong earnings growth as it captures value from four key drivers in Africa. Business and Technology News South African particle physicist who wrote programming languages became a financial engineer and made billions A South African born to immigrant parents physicist turned financial engineer, Emanuel Derman, helped define modern quantitative finance after an early career in programming language and modelling system development. Fuel price nightmare for South Africa as increases hit R10 per litre for next week Petrol and diesel price under-recoveries have continued to surge in South Africa, with diesel breaching R10 per litre for the first time in history, and petrol moving towards R6 per litre. Must read South Africa's biggest shopping mall launches a R100 million development with a Pantry and a Tashas Fourways Mall has launched a R100 million upmarket development, The View, in Johannesburg, featuring premium dining and retail offerings, including Tashas and The Pantry. Say goodbye to petrol stations as you know them in South Africa Petrol stations in South Africa are facing declining fuel demand, rising costs, and intense competition in a saturated market, pushing operators to rely increasingly on convenience retail to sustain profitability. A pack of cigarettes being sold for R5 in South Africa Illicit cigarettes now account for up to 75% of South Africa's total market, with some merchants selling packs of illegal cigarettes for as little as R5. South Africa snubbed once again France withdrew an invitation for South Africa to attend a summit of Group of Seven leaders in June following pressure from the US. Partner content Why More African Traders Are Turning to Gold and Silver in 2026 One clear trend is emerging in 2026: growing interest in gold and silver trading amid geopolitical instability and high volatility. More stories

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