LAST night’s petrol price hike, the highest yet in SA, will be devastating to struggling consumers, producers and businesses. Customers will immediately feel the pinch when they fill up from today, but soon everything from food to clothes will also rocket. Businesses will not be able to absorb the increased costs and it is predicted that a number of companies will be liquidated and jobs will be lost.
For farmers, the price of diesel goes up in the middle of harvest season, and they will have to absorb the spike. read more