Fears government will hijack expected fuel price cuts to fund GFIP.

Loading player...
Concerns are being expressed that the government may hijack the consumer benefits of an expected reduction in fuel prices and use them to pay for the Gauteng Freeway Improvement Project (GFIP).
Organisation Undoing Tax Abuse (Outa) CEO Wayne Duvenage said on Tuesday the organisation is concerned that Minister of Finance Enoch Godongwana may seize the opportunity presented by the expected petrol price reduction in the first week of September to increase the fuel levy by 25c to 30c per litre to raise additional revenue to cover the GFIP bonds, which the e-toll debacle has failed to do.
17 Aug 2022 1AM English South Africa Business News · Investing

Other recent episodes

SA Homeowner growth steady, report finds

Hayley Ivins-Downes from Lightstone Property shares data about home-buying activity in South Africa, which paints an interesting picture about affordability and which specific parts of the country are seeing the most development.
27 Mar 5AM 11 min

Inside Your Business: Liquidations hit SME sectors the hardest

South Africa’s business landscape remains under strain. New data from Stats SA shows that 135 companies were liquidated in February—a slight improvement from last year, but still a sign of persistent financial pressure across the economy. Aroni Chaudhuri, Chief Economist at Coface Africa, helps explain what these numbers mean for…
1 Apr 4PM 9 min

SARS delivers record-breaking revenue collection

The Commissioner for the South African Revenue Service (SARS), Edward Kieswetter, today tabled the strongest annual revenue collection numbers in democratic history. He joins us to reflect on the numbers and his tenure at SARS as he steps down from the role.
1 Apr 4PM 15 min