‘Fuel and VAT will go up again when I return from the US’, Ramaphosa reminds South Africans

President Cyril Ramaphosa made his inaugural speech as head of state at the United Nations General Assembly on Tuesday evening.
Ramaphosa’s address at the United Nations was preceded by his address to the Council on Foreign Relations and the unveiling of a statue former president Nelson Mandela and the historic Nelson Mandela Peace Summit.

He outlined South Africa’s domestic and foreign policy goals and priorities.
According to the Presidency, they include the country’s land reform programme aimed at fostering greater stability, inclusiveness and transformation within the South African economy.

However, more fuel price hikes are on their way when Ramaphosa returns to South Africa.
This was according to the Automobile Association (AA) which was commenting on unaudited month-end fuel price data supplied by the Central Energy Fund (CEF).
Petrol is expected to increase by between 23c and 25c a litre, with diesel rising by about 28c and illuminating paraffin by 17c a litre.