South African motorists are in for a tough August, with market conditions favouring a hike in petrol and diesel prices.
Motorists in South Africa are in for a tougher August, with petrol prices looking flat and diesel in for a steep hike.
The local unit ended the week just above R18 to the dollar after briefly dipping below that level as the greenback softened on market hopes that the US Fed’s hold on interest rates might linger longer. However, as has been the case for some time now, the market can turn very suddenly, and the rand is one hawkish comment from the Fed away from being back in the doldrums.
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