Ina Opperman
Business Journalist
5 minute read
4 Jul 2022
5:30 pm

SA economy hammered by load shedding, municipal tariffs and fuel prices

Ina Opperman

It is not only load shedding that has a negative impact on the economy. Consumers also face a higher petrol price and municipal tariff increases.

Image: iStock

South African consumers continue to try to make ends meet as the economy continues to be hammered by load shedding, municipal tariffs and fuel prices. However, two positive developments - higher car sales and a widening trade surplus - attributed to a growth in exports. Vehicle exports increased by 18% in June 2022 compared to last year, although the total number exported during the first half of the year decreased by 2.9% compared to 2021. New vehicles sales increased by 7.6% in June compared to 2021, largely due to sales of new passenger cars increasing by 20.6%, with the recovering...