[PUBLICATION] Public Space Trading Guidelines for Local Government 2021-2016 (14 September 2021) seri-sa.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seri-sa.org Daily Mail and Mail on Sunday newspapers.
DA councillor accused of defrauding TERS steps aside from party duties news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
Rising petrol prices put pressure on fuel retail sector volumes
By Given Majola
Share
INCREASING fuel prices were exerting pressure on already compromised volumes in the fuel retail sector, the Fuel Retailers Association of Southern Africa (FRA) said yesterday.
The price of both grades of petrol went up by 91 cents per litre and diesel increased by between 54 cents and 55c per litre this month.
FRA chief executive Reggie Sibiya said the sector had not yet fully recovered from the Covid-19 lockdowns.
The fuel increases primarily knocked the cash flows of FRA members.
Sibiya said when fuel prices went up, the working capital requirements increased and the compromised cash flows, which were also due to declining volumes, meant that banks were not as willing to increase working capital allocations.
EXPLAINER | A guide to businesses tax obligations after damage to their premises news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.