These were the five biggest stories in South Africa’s transport industry this week.
What to expect from petrol prices in South Africa in November
The mid-month data from the Central Energy Fund shows that petrol prices are likely to undo a positive trend from the last few months.
Fuel costs are expected to rise in November, breaking a five-month streak of reductions at the pump.
The predictions are based on a spike in the international price of oil.
Good news for used-car prices in South Africa
Pre-owned car prices only went up by 0.6% in the second quarter of 2024, well below the general inflation rate of 5.2%.
In comparison, new vehicles went up by a far greater 4.4% over the same period.
This discrepancy has pushed more consumers to the used market, as evidenced by a higher used-to-new finance rate.
Petrol shortage warning for South Africa
Transnet has warned that South Africa may face fuel shortages if it continues to rely on imported products.
The state-owned port and rail authority highlighted that several local refineries have been closed in recent years, leading to a dramatic increase in imported petrol.
Roughly 70% of South Africa’s fuel is now brought in from overseas, meaning that supply is likely to be affected by geo-political events.
Name changes on the cards for 4 major Joburg roads – Details
The City of Johannesburg has announced it is planning to rename four different roads.
The roads up for renaming include De Beer Street, Nikkel Crescent, Main Street, and Sandton Drive.
MMC for Community Development, Kabelo Gwamanda, has invited the public to comment on the renaming process.
More affordable Nissan Navara Double Cab for South Africa – Pricing revealed
The pricing has been uncovered for the new Nissan Navara models ahead of their launch in South Africa.
The bakkie is receiving an XE double cab specification, which is positioned as the new entry-level variant.
Prices for the pickup are expected to start at R493,600 for the 4×2 and R567,000 for the 4×4.
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