Contending with high fuel costs under the present bleak economic times can be overwhelming for many South African consumers.
Diesel, now costing R15.09 per litre, increased by 42c.
The price of illuminated paraffin increased by 36c and is now priced at R9.13 per litre.
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Another big worry for consumers is higher food costs that follow petrol price increases.
Muzuvas tips to consumers were to reduce their spending wherever possible and focus on essentials.
She said employers should help employees on this where possible.
Meshel Muzuva an Economics academic at Mancosa revealed quite a few things about fuel hikes and foreign investment. Image: Supplied and Stock PhotoSource: UGC
According to Muzuva, thegovernmentcannot reduce the current 36% fuel tax in the short term.
Its a long process which they can look into in the long run.
FDI would stimulate economic growth, create employment opportunities and boost gross fixed capital formation.
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Muzuva suggests technology driven sectors needed further exploration by the government.
Muzuva suggests certain strategies that the government could utilise to attract foreign investors.
The protests led to widespread looting, destruction of infrastructure and theft.
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Source: Briefly News
Reeshni ChettyReeshni Chetty is a senior current affairs reporter.
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Reeshni has a passion for breaking the stigma surrounding mental health issues.
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