There have been mixed feelings about the South African government’s extension of the fuel levy relief in response to volatility in global oil prices. The temporary reduction in the general fuel levy was due to come to an end early next month but has now been extended to June.

Last month, the Ministry of Finance and the Ministry of Mineral and Petroleum Resources jointly announced a temporary reduction in the general fuel levy of $0.18 per litre from the beginning of this month until May 5, to provide limited short‑term relief to households from rising fuel prices as the Middle East conflict continues. Thuto Ngobeni has the report.

There have been mixed feelings about the South African government&rsquo;s extension of the fuel levy relief in response to volatility in global oil prices. The temporary reduction in the general fuel levy was due to come to an end early next month but has now been extended to June.
Last month, the Ministry of Finance and the Ministry of Mineral and Petroleum Resources jointly announced a temporary reduction in the general fuel levy of $0.18 per litre from the beginning of this month until&nbsp;May 5, to provide limited short‑term relief to households from rising fuel prices as the Middle East conflict continues. Thuto Ngobeni has the report.

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In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.

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Africa in Business

Mixed reactions as South Africa extends fuel levy relief amid global oil‑price volatility

Global markets remain in focus as investors navigate shifting interest‑rate expectations, geopolitical developments and changing growth outlooks across major economies.

Joining us today on our daily Market Update feature to help make sense of these developments is Zwelakhe Mnguni from Benguela Global Fund Managers.

Global markets remain in focus as investors navigate shifting interest‑rate expectations, geopolitical developments and changing growth outlooks across major economies.
Joining us today on our daily Market Update feature to help make sense of these developments is Zwelakhe Mnguni from Benguela Global Fund Managers.

Africa Market Update with Zwelakhe Mnguni from Benguela Global Fund Managers

The Director of Infrastructure and Energy at the African Union Commission, Dr Kamugisha Kazaura, says resilient transport systems and stable energy infrastructure are the backbone of Africa’s economic transformation, regional integration and industrial development. He adds that strengthening these sectors is essential to unlocking trade, boosting competitiveness and improving livelihoods across the continent.


Kazaura was speaking at the 5th Ordinary Session of the African Union Specialised Technical Committee on Transport and Energy, currently under way in Johannesburg. Channel Africa’s Economics Reporter, Innocent Semosa, has more.

The Director of Infrastructure and Energy at the African Union Commission, Dr Kamugisha Kazaura, says resilient transport systems and stable energy infrastructure are the backbone of Africa&rsquo;s economic transformation, regional integration and industrial development. He adds that strengthening these sectors is essential to unlocking trade, boosting competitiveness and improving livelihoods across the continent.
 Kazaura was speaking at the 5th Ordinary Session of the African Union Specialised Technical Committee on Transport and Energy, currently under way in Johannesburg. Channel Africa&rsquo;s Economics Reporter, Innocent Semosa, has more.

Resilient transport and energy key to Africa’s economic transformation, says AU’s Dr Kazaura

South Africa’s President Cyril Ramaphosa recently announced the creation of the International Panel on Inequality (IPI), describing it as an accomplishment of South Africa’s G20 presidency. Ramaphosa called inequality a “threat to human freedoms and economic growth everywhere”. According to a World Bank report, South Africa is the most unequal country in the world.


Professor Armand Bam from Stellenbosch University argues that although the country does not lack capability, it operates within a system that is designed, governed and sustained to produce inequality as an outcome.

To discuss this further, Bam, who is Head of Social Impact and PGDip NPO Leadership Development at Stellenbosch Business School, joins us on the line.

South Africa&rsquo;s President Cyril Ramaphosa recently announced the creation of the International Panel on Inequality (IPI), describing it as an accomplishment of South Africa&rsquo;s G20 presidency. Ramaphosa called inequality a &ldquo;threat to human freedoms and economic growth everywhere&rdquo;. According to a World Bank report, South Africa is the most unequal country in the world.
 Professor Armand Bam from Stellenbosch University argues that although the country does not lack capability, it operates within a system that is designed, governed and sustained to produce inequality as an outcome.
To discuss this further, Bam, who is Head of Social Impact and PGDip NPO Leadership Development at Stellenbosch Business School, joins us on the line.

Mixed reactions as South Africa extends fuel levy relief amid global oil‑price volatility

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