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Price of petrol set to drop in October

Price of petrol set to drop in October

Petrol and diesel prices in South Africa are expected to come down significantly in October, according to mid-month data published by the Central Energy Fund. The group reports an over-recovery on fuel prices across the board, which if maintained throughout the rest of the month could see petrol prices drop by as much as 36 cents per...

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Uber fights to win back London licence in latest court battle

Uber fights to win back London licence in latest court battle

Taxi app Uber will battle in court on Tuesday to win back its licence to operate in London after the city’s transport regulator removed it over safety concerns. Transport for London (TfL) refused in 2019 to grant the Silicon Valley-based company a new licence due to what it called a “pattern of failures” on safety...

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Fossil fuel demand to take historic knock amid COVID-19 scars – BP

Fossil fuel demand to take historic knock amid COVID-19 scars – BP

 Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast. BP’s 2020 benchmark Energy Outlook underpins Chief Executive Bernard Looney’s new strategy to “reinvent” the 111-year old oil...

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Capitec Bank users are crying over double deductions on their accounts due to tech glitch

Capitec Bank users are crying over double deductions on their accounts due to tech glitch

A technical glitch has lead to thousands of Capitec clients waking up on Friday morning to find additional deductions from their accounts without their consent. Messages and photos have been posted on social media platforms this morning of people complaining about money being taken without their approval. Capitec said that it was still trying to...

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Black Business Council to give Ramaphosa plan to deal with SA GDP slump

Black Business Council to give Ramaphosa plan to deal with SA GDP slump

Black Business Council president Sandile Zungu reflects on the country slipping deeper into recession. South Africa has slipped deeper into a recession, with Stats SA on Tuesday announcing that the economy shrank by 16.4% from the first quarter to the second quarter of 2020. The country’s economy was already under pressure before the commencement of...