By the AFREEQUE newsroom, based on Business Day (South Africa)
Illustrative image · Engin Akyurt · Pexels · Licence PexelsFuel volumes bought in South Africa fell by 33% in October, as motorists opted for smaller, more frequent purchases. The shift comes as petrol tops 30 rand per litre and affects household budgets and petrol stations, according to Business Day TV.
The South African government is allocating 10 billion rand for a temporary reduction in fuel levies despite rising global prices. From 4 November to 1 December, the diesel levy will be cut by 3 rand per litre and the petrol levy by 1.50 rand, according to Business Day.
🇿🇦 South Africa · Source: Business Day (South Africa) ·
South African motorists spend 54% more to fill their tanks, according to data from Discovery. However, they buy fuel in smaller quantities and more often, suggesting they are adapting their habits to expected price changes, Moneyweb reports.
🇿🇦 South Africa · Source: Moneyweb ·
South African parties are holding their final rallies before the municipal elections, focusing on public service failures and corruption. The campaign comes as voters prepare to cast their ballots and parties seek to mobilise their supporters, according to TimesLIVE.
🇿🇦 South Africa · Source: TimesLIVE ·
The African National Congress (ANC) will entrust its secretary-general’s office with conducting coalition negotiations after the 4 November municipal elections in South Africa. This centralisation comes ahead of the formation of local executives, according to Business Day, which reported remarks by Parks Tau, a member of the ANC’s national leadership.
🇿🇦 South Africa · Source: Business Day (South Africa) ·
Washington suspends South Africa and Rwanda from AGOAThe United States removes South Africa and Rwanda from AGOA, the US trade preferences programme, in a decision announced on 2 November, according to Premium Times and Jeune Afrique. Premium Times reports that it follows Donald Trump’s accusations against Pretoria, which he said had persecuted white South Africans; Jeune Afrique says the withdrawal follows several months of diplomatic negotiations.
Mozambique recognised for funding women entrepreneursMozambique has received international recognition for its policies facilitating entrepreneurs’ access to finance. Central bank regulations require financial institutions, in particular, to track gender gaps and adapt their products, according to Carta de Moçambique.The week in Africa
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