Petrol price pain for May and a bailout for SA's biggest mall

Here are some of the biggest sotirs you may have missed on BusinessTech this week Mid-month data from the Central Energy Fund (CEF) shows that motorists in South Africa can expect a mixed bag for fuel prices in May. [BusinessTech logo]( [Top stories this week]( [◼ Here is the expected petrol price for May]( Mid-month data from the Central Energy Fund (CEF) shows that motorists in South Africa can expect a mixed bag for fuel prices in May. [◼ R200 million bailout for the biggest shopping mall in South Africa]( The co-owner of Fourways Mall in Johannesburg is looking to raise R200 million from its existing shareholders. [◼ Bad news for chocolate lovers in South Africa]( The world of chocolate is facing such immense cocoa shortages that the wild trading lured an unlikely player: Pierre Andurand, a hedge-fund manager best known for his bets on oil. [◼ Cheapest days to fly to Cape Town, Joburg, and Durban – and other destinations]( Discovery Bank’s SpendTrend24 report, compiled in collaboration with Visa, has detailed South Africans’ travel patterns and trends. [◼ SARS is eyeing South African bank accounts]( SARS is cracking down on non-compliance, and experts say there’s an increased focus on individual taxpayers through revenue augmentation to sniff out discrepancies in tax returns. [◼ NHI tax hikes are coming]( The National Department of Health has again confirmed that tax hikes and other tax changes are on the way to fund the National Health Insurance (NHI) scheme – which is still awaiting President Cyril Ramaphosa’s signature. [◼ New load shedding stages for South Africa – what you need to know]( It is highly unlikely that South Africa will ever reach stage 16 load shedding, but the new stages approved by energy regulator Nersa mean that there is now a plan if we ever do. [◼ Big trouble for interest rate cuts in South Africa]( South Africa’s better-than-expected inflation figure for March is unlikely to change the South African Reserve Bank’s (SARB’s) hawkish stance on interest rates, market experts say. [◼ New bank in South Africa gets the green light]( Old Mutual has received approval from the Prudential Authority to establish a bank in South Africa, which is expected to launch by year-end. [◼ Banks are beating Home Affairs at its own game in South Africa]( The Department of Home Affairs (DHA) has revealed that the banks offering smart ID and passport services experienced significantly less downtime due to system-related and load-shedding than the traditional Home Affairs offices. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your preferences or unsubscribe]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 21-04-2024 This is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic