Posts tagged with 'Central Energy Fund'

 

ANC Using #Covid19SA to Justify Plans to “Discipline Private Sector”, Nationalise Pensions & Plunder Central Bank Reserves in “Radical Transformation”!

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THE STATE CAPTURE TO END ALL CAPTURES: True to their word, the ANC’s Ramaphosa and Nkosazana Dlamini Zuma (NDZ) are using the extended CCP-virus lockdown, as a cover to propose changes to the Pension law in order to grab pensions for massive redistribution of wealth, and tender fraud on a scale never seen before! Né Cyril? We should have known. The ANC is coming for your pensions with it’s promised radical transformation, turning the country into a fully communist, totalitarian and fascist black supremacist hellhole. In short they are throwing more wood under the pot in which they are slowly boiling the white minority frogs. Lots and lots of wood. 

A new concept document by the ANC’s head of economic transformation, Enoch Godongwana, states that the ANC wants to use pension money and the reserves of the Reserve Bank, to build a so called “open economy” post CCP-virus pandemic. Open for looting yes! The concept document was subm
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Petrol Price expected to go up 7 cents for 95 octane and 4 cents for 93 grade

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The latest data from the Central Energy Fund (CEF) points to a flat month in August for petrol prices – though there may be good news for diesel drivers.

At mid-month, the group is showing a small increase in both grades of petrol for August, with pump prices expected to go up 7 cents per litre for 95 octane, and 4 cents per litre for 93 grade.

Diesel, however, is currently showing an over recovery of 20 cents per litre, which means at least some motorists may be paying less next month.

The flat rate in petrol prices is due a reversal in trends for both international petroleum prices and the rand/dollar exchange rate.

For the first two weeks in July, the rand has strengthened against the dollar, contributing to a 25-27 cents per litre drop in both the petrol and diesel prices.

This has been undercut by the movement in the international product prices – at least for petrol – which are contributing to a 30 to 33 cents per litre
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Double trouble for South African motorists, you can expect a massive petrol price increase in April, warns AA

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A massive petrol price increase is expected to hit South Africa in April, says the Automobile Association (AA) of South Africa.

It’s not an April fool’s day prediction; the petrol price will be going up again next month. While consecutive fuel hikes have become the beleaguered norm in South Africa, April’s looming rise is expected to wreak havoc on motorists and consumers alike.

As explained by the AA, the country was already facing a petrol price increase, in part, due to the weakening rand and the rising cost of crude oil. While these factors are bad enough on their own, the introduction of revised fuel levies, attached to the pumps from April onwards, is set to push South Africa beyond the threshold of reasonability.

Studying mid-month data released by the Central Energy Fund (CEF), the AA issued a foreboding statement on Friday afternoon. Dulling the weekend’s glimmer, the AA stated:

“The projected basic fuel price increase
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It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – Petrol price increase in March to be higher than first expected

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The petrol price increase in March is expected to shock South Africans, with a hefty hike eclipsing original estimates.

It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – starting next month. While first estimates, released by the Central Energy Fund (CEF) earlier in the month, proposed a hike of 43 cents per litre for petrol and 60 cents per litre for diesel, recent revelations paint a grim picture for South Africans.

Petrol price increase in March
The Automobile Association (AA) of South Africa noted that a steady increase in international oil prices, coupled with a weakening rand – both experienced after the first estimate tabled by the CEF – had since altered original evaluations. The Energy Department has echoed the AA’s sentiments – pointing to mooted increases which almost double first guesses.

According to the Energy Departmen
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It’s going to be a Prosperous New Year for motorists, but for how long- Petrol price decrease South Africans can expect to pay in January

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Central Energy Fund, we could kiss you right now. Their projected petrol prices for January would see fuel costs plummet below the R14-per-litre mark.

Now, this is how we want to start 2019. It seems as if the petrol price in South Africa will keep plummeting, as preliminary data released by the Central Energy Fund suggests that motorists are in for some more joy at the pumps.

January petrol price forecast for South Africa
According to the official figures, a drop of something between R1.31 – R1.34 is being forecast for both grades of petrol (93 and 95). Meanwhile, diesel users also look like they’ll be kicking the new year off in style, with a projected R1.51 to be shaved off of its current price.

The current projections would have been impossible to fathom just a couple of months ago. Back In November, South Africans were still paying over R17 a litre to fill up their petrol tanks. With these latest figures, that fee
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