It is increasingly clear that we will get a reprieve on fuel prices in November 2025. The diesel price (0.05% wholesale inland) could decline by 33 cents per litre, while the petrol price (95 ULP inland) could fall by 57 cents per litre.
The relatively stronger ZAR/USD, combined with a reasonably stable oil price for much of the month, are the major driver of the decline in fuel prices.
This is a welcome development, and bodes well for the South African agricultural sector. We are in a period of high fuel consumption in South Africa’s agriculture. The planting season for summer grains and oilseed is underway. Fuel also accounts for a notable share of grain farmers’ input costs, about…
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commentary on political affairs.
Flash
Kazakhstan: You have two cows. They are both better cows than cows from Uzbekistan, who have bones in their brain.
Curio
Fun South African Fact: South Africa is home to the highest commercial bungi jump in the world at 710 feet.