Kaya 959 Kaya Biz

INSIDE YOUR BUSINESS- Fuel increases to weigh heavily on freight costs, consumers – RFA

Loading player...
GUEST - Gavin Kelly - Road Freight Association (RFA) CEO

The increase in fuel prices for September will force transporters to increase their pricing to cover the higher diesel costs, member organisation Road Freight Association (RFA) CEO Gavin Kelly says. The Department of Mineral Resources and Energy has announced that the diesel price will increase by R2.76 a litre for September.

That will raise inland pump prices to R23.05 and R23.28, respectively. The Central Energy Fund attributed the price hikes to rising international fuel prices and the weakened rand. Kelly informs that these prices were last seen in June 2022, the first in a four-month climb that saw diesel prices reach heights of R25.74 in November 2022. July 2022 had also reached R25/ℓ. Road freight transporters use both petrol and diesel – but diesel is the main fuel in most road operations, Kelly points out.
6 Sep 2023 4PM English South Africa Business News · Investing

Other recent episodes

Ekasinomics: Young Creatives in SA’s Interior Design Sector

Urban Blend Interiors founder Bulelwa Jordan‑Tati joins Ekasinomics to discuss the business of interior design, the rise of young creative entrepreneurs, and how she built a distinctive, story‑driven design studio in a competitive but growing industry. A Youth Month conversation on resilience, creativity, and building a brand from the ground…
17 Jun 4PM 16 min

Vukile Delivers Strong FY26 Growth and Expands in Europe

Vukile Property Fund posted a robust FY26 performance, with 9.3% growth in FFO and dividends, strong retail metrics in South Africa, and accelerated expansion across Spain, Portugal, and Italy. CEO Laurence Rapp breaks down the drivers behind the outperformance, the strategic entry into Italy, capital raising momentum, and the outlook…
17 Jun 4PM 12 min

Inside Your Business: Turning a Struggling Business Around

In this Youth Month edition of Inside Your Business, we spotlight 29‑year‑old Lerato Gumede, who transformed Impact Branding from a loss‑making operation into a profitable, job‑creating enterprise. Joined by Business Partners Limited’s Gugu Mjadu, we explore the realities of youth entrepreneurship, the support structures that matter, and what it takes…
17 Jun 4PM 20 min

Premier Delivers Record Profit After Landmark RFG Acquisition

Premier Group CEO Kobus Gertenbach unpacks a transformational year for the company, marked by strong revenue and EBITDA growth, the R6.5bn acquisition of RFG Holdings, the commissioning of the Aeroton bakery, and a total dividend of 341 cents per share. We explore the drivers behind the performance, commodity price dynamics,…
17 Jun 4PM 14 min

SA Inflation Rises to 4.5%: What It Means for Consumers

South Africa’s inflation edged up to 4.5% in May, driven by fuel and housing costs. Nedbank economist Isaac Matshego unpacks the numbers, the pressure points for households, and what this means for interest rates, regional inflation differences, and the economic outlook for the rest of 2026.
17 Jun 4PM 11 min
All episodes