AGAINST SHELL DRILLING OPPOSITION

Ah, February…the month of love. There are many reasons to love February and not just because of the overflow of chocolates. From a professional perspective, February is the perfect time to fall back in love with your business as you continue to grow in 2022.

Weather it’s loving a healither cash flow or the fact that you are sticking to your new year resolutions for your own cereer goals, February has a sense of hope and renewed possibilities.

And, remember, if you want to love the business of being in business, even more, contact us at admin@dieselbros.co.za to start your partnership journey with us.

Until we hear from you, here’s this month’s hot topics and news.

SOUTH AFRICAN CONSUMERS FACE LITTLE – REPRIEVE IN THE COMING MONTH

as both fuel and food prices look to creep higher, says Investec chief economist Annabel Bishop. Commenting on Statistics South Africa’s latest CPI data, Bishop noted transport inflation rose from 15% y/y in November to 16.8% y/y in December, as petrol prices rose by 75c/litre.

“While there was a 68c/litre cut in January, a huge increase of around R1.30/litre is building for February on the back of a rising global oil price. Brent crude oil price has reached $87.5 a barrel from closer to $73.5 a barrel a month ago,” she said. Looking ahead, food price inflation is expected to climb higher as heavy rains have caused crop damage and delayed planting, Bishop added.