IMPROVING LIVES THROUGH DATA ECOSYSTEMS

For the fourth consecutive month, fuel prices have been steadily declining after a period of sharp increases. The rising costs of fuel during the earlier months of the year dealt a major blow to many motorists. On 4 September 2024, the price of both grades of fuel decreased by 92 cents per litre, while diesel came down by between 79 cents for the 500 parts per million (500 ppm) and R1,05 for the 50 parts per million (50 ppm). Lower, stable fuel prices play a crucial role in decreasing inflation and the price of goods and other services, offering a much-needed break to consumers who are experiencing ongoing economic pressures. Lower fuel prices are good; apart from the immediate impact of buying cheaper fuel, inflation may drop and interest rate hikes may be halted.

Download Mbalo brief – September 2024