As most of us expected, the fuel price looks set to go up again during the peak holiday season in December as reported this week by the SABC. It is highly possible that we could see fuel prices increases of a round 34 cents a litre for petrol and 32 cents a litre of diesel during this upcoming period. Read the rest of this entry »

We all know how expensive properties can get, especially along the Atlantic Seaboard in Cape Town in areas such as Camps Bay and Llandudno. But today it was reported that an open stand in Clifton has been sold for R11.25m. Read the rest of this entry »

One of the most important aspects of E-commerce today is the ability to receive and make payments online, after all that is what e-commerce is about. But today in South Africa we find ourselves facing challenges in setting up an online business. One of the key challenges is the ability to receive payments from clients or customers outside South Africa online. Read the rest of this entry »

Figures released last week show that new vehicle sales in South Africa dropped by 5.9% to 54 387 units in October compared to the same period last year. But there is a slight increase in the sales figure from September this year to October showing that more people sales were done in October than September. Is this a sign that people are still buying new vehicles even in these high inflation and interest rate times? Read the rest of this entry »

Here we go again, The Department of Minerals and Energy announced today that the retail price of all grades of petrol will go up by 3 cents a litre on Wednesday (7 November). Those with diesel vehicles will feel a bit better than their petrol counterparts as the price of all grades of diesel will go down by 6 cents a litre.

Those that will be hit the most will be consumers of illuminating paraffin. The price of which will go up by 10 cents a litre. Read the rest of this entry »

Today saw the price of oil reach the $96 a barrel mark. We are not too far away now from seeing the price reach $100 as many analysts have predicted. But could there be some relief to all of this for South Africa? Deputy President, Phumzile Mlambo-Ngcuka, today officially opened a new plant in Saldanha Bay, on the west coast of South Africa, which aims to service the booming offshore oil and gas exploration industry in South Africa.

It is believed that the 220 000 square metre Saldanha Offshore Fabrication Centre will tap into the growing West African offshore oil and gas industry. The plant is funded by the German-based vehicle and machine manufacturers, MAN Ferrostaal, and operated by Grinaker LTA. Read the rest of this entry »