Tag: Budget

Fuel Levy Hike: South African Consumers Face Heavier Burden, says RFA

Fuel Levy Hike: South African Consumers Face Heavier Burden, says RFA

The Road Freight Association (RFA) notes the decision by the Minister of Finance to increase the fuel levy by 4% (petrol 16 cents and diesel 15c a litre). This will be directly felt by consumers, as transporters cannot absorb increases without detrimental effects on their bottom-line (business sustainability). This means […]

RFA comments on Medium-Term Budget Policy Statement

RFA comments on Medium-Term Budget Policy Statement

The Minister of Finance has noted that they will use “higher than anticipated revenues” – which were generated through taxes, levies and all other manner of government revenue generation – to rescue a number of State-Owned Enterprises (SOEs) that are failing, bleeding capital, or are just not doing what they […]