BizNews BizNews Radio

Fully deregulating fuel price a pipe dream with a double-edged sword

Loading player...
South African consumers have been given some cushioning from rapidly increasingly fuel prices by a recent announcement from Finance Minister Enoch Godongwana. He said in Parliament that Treasury would cut its collection on the General Fuel Levy (GFL) by R1.50 in April and May 2022. The shortfall of over R6bn to the fiscus, as a result of this temporary reprieve, will be made up by the sale of some of South Africa's strategic oil reserves. Cobus Lubbe, who spent over 23 years in the oil and gas industry at both Engen and Shell, says while recent comments from Godongwana that government plans to fully deregulate the fuel industry should be welcomed, we need to be realistic about what that means for the economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
5 Apr 2022 9AM English South Africa Investing · Business News

Other recent episodes

Neal Froneman on his bid to bring Formula One back to South Africa

He turned around mines others had written off and built Sibanye-Stillwater into a global giant. Now Neal Froneman wants to bring Formula One back to South Africa, on 600 hectares of Swartland farmland rather than at Kyalami. In conversation with Alec Hogg, the Blue Mountain Racing chairman explained why he…
27 Sep 11AM 43 min

Helen Zille on Joburg, coalitions and the price of power

She said she hadn't exchanged a single word with the ANC about a post-election deal. Helen Zille then told Alec Hogg who she thought was talking to them. The DA's Johannesburg mayoral candidate took on Corné Mulder's claim of a backdoor ANC pact and compared Gayton McKenzie's Patriotic Alliance to…
25 Sep 12PM 34 min

Why Jakkie Cilliers (ISS) guarantees Africa in 2050 will be far more stable than today

At a time when news headlines across Africa highlight political friction, economic distress and security concerns, a guarantee of better times ahead may sound almost provocatively optimistic. Yet Dr Jakkie Cilliers, founder of the Institute for Security Studies and head of its African Futures and Innovation Programme, bases that guarantee…
25 Sep 5AM 35 min

Andy Calitz on Eskom, the job he didn't get, and what came next

He was on the shortlist to run Eskom and lost out to André de Ruyter. Years later, Andy Calitz, who ran South Africa's transmission grid before a career that took him from Shell to Gazprom's control room and the helm of LNG Canada, still thinks about it most weeks. In…
25 Sep 3AM 55 min
All episodes