
Finance Minister cuts fuel tax as record petrol and diesel price hikes loom
South Africa will reduce a tax imposed on fuel to offset the impact of surging oil prices on domestic petrol and diesel, Finance Minister Enoch Godongwana said.
THURSDAY, 02 APRIL 2026, 16:52

South Africa will reduce a tax imposed on fuel to offset the impact of surging oil prices on domestic petrol and diesel, Finance Minister Enoch Godongwana said.

Investec chief economist Annabel Bishop said South Africa could see an interest rate hike as soon as May or July this year.
Beijing expressed “gratitude” on Tuesday for coordination that enabled three Chinese ships to transit the Strait of Hormuz, the crucial waterway which Iran has all but closed during the war in the Middle East.
A Malaysian court on Tuesday ordered jailed former Prime Minister Najib Razak to pay $1.3 billion to a former unit of scandal-tainted state fund 1MDB, state media reported.
People accused of spying or cooperating with “hostile states” could face the death penalty and confiscation of all assets under a recently enhanced law, an Iranian judiciary spokesperson said, a month into the war with the United States and Israel.
European Union governments should prepare for a “prolonged disruption” to energy markets as a result of the Iran war, the bloc’s energy chief has told countries’ ministers ahead of an emergency meeting on Tuesday.
Discussions are under way for a U.N. investigation into the killing of more than 390 employees in the two-year Gaza war, the head of the U.N. Palestinian refugee agency said on Tuesday, making it the deadliest conflict in the body’s history.

Over 85 000 tickets were made available for this Soweto Derby match between Orlando Pirates and Kaizer Chiefs on 26 April.
South Africa will reduce a tax imposed on fuel to offset the impact of surging oil prices on domestic fuel, Finance Minister Enoch Godongwana said.
An attempt to have the December election of Loyiso Masuku as the ANC Greater Johannesburg region chairperson overturned has fallen flat after the Gauteng High Court struck the matter off the court roll.
Bafana Bafana return to the Mother City on Tuesday, 31 March to face Panama at Cape Town Stadium in what promises to be a packed house.
Heart surgery patients at Johannesburg’s Charlotte Maxeke Academic Hospital have a one in five chance of dying from surgery.

The government has little room to soften April’s fuel price shock, as reducing levies would undermine efforts to stabilise South Africa’s debt.
The Orange Art Project, a Cape Town nonprofit, is inspiring creativity among foster children by facilitating art sessions run by practising artists in homes across the city.

Tourists from the United States, United Kingdom and Germany clearly prefer the sunny reality of South Africa over exaggerated fears.

India-based Varun Beverages has completed its acquisition of South African soft-drink maker Twizza through The Beverage Company.
South Africa throws away roughly a third of all the food it produces every year, about 10 million tonnes, while millions go hungry. On International Zero Waste Day, the question isn’t whether we have enough food. It’s why so much of it ends up in a landfill instead of on a plate, why we don’t understand the full extent of the issue, and what we can do to change it.

Cape Town wants to break into a global outsourcing industry dominated by India, but it will require overcoming a vast gap in scale and cost competitiveness.

The national power utility is heading for a second year of profits but experts say tariff hikes and state bailouts remain central to its financial recovery

Gauteng’s rapid rail system could soon reach more communities, bringing faster, more connected travel across the province.