The Central Energy Fund’s preliminary estimates suggest that South Africa’s petrol (95 ULP inland) and diesel (0.05% wholesale inland) prices could increase by 57 cents per litre (c/l) and 48 (c/l), respectively, on 03 March 2021. This adjustment means the retail price of petrol could rise to R16,24 per litre from the current level of R15,67 per litre. Simultaneously, the wholesale diesel price could increase to R14,06 per litre from R13,58 per litre in February 2021.
The drive I take each December from Pretoria to the Eastern Cape is a constant reminder, not only of the agricultural economic potential of the Eastern Cape, but also the poverty and unemployment that plague the province. Agriculture holds potential to change the fortunes of the Eastern Cape, KwaZulu-Natal and Limpopo and other rural regions.
Following a notable recovery to 51 points in the third quarter of 2020, the Agbiz/IDC Agribusiness Confidence Index (ACI) rallied in the fourth quarter to 61, which is its highest level since the third quarter of 2014. A level above the neutral 50-point mark implies that agribusinesses are optimistic about business conditions in South Africa.