Official petrol price for November, and Ford to build a bakkie cheaper than the Ranger

A Jetour dealership in Vanderbijlpark is in trouble with South Africa’s Advertising Regulatory Board (ARB) for publishing a banner advert claiming the T2 SUV is built locally.

According to the ARB’s Directorate, it received a consumer complaint against the advertisement seen while browsing YouTube during September 2026.

The advert included the words “Built in South Africa”, which the complainant objected to, since Chery Automobile manufactures the vehicle in China and imports built-up units to South Africa.

“The claim ‘Built in South Africa’ in conjunction with a prominent South African flag creates a misleading impression about the origin and manufacture of the vehicle,” the complaint read.

According to the ARB, the Star Motor Group did not submit a response to the matter or the complaint.

Global Brent crude oil prices are slowly approaching $100 per barrel again, as Iran and the US review proposals from mediators to resolve their differences and avoid a return to all-out war, according to Bloomberg.

Reuters also reported that US President Donald Trump said the US would end billions of dollars of annual military support to Israel, which has also had a positive effect on oil prices.

5 important things

Official petrol price for November announced: The Department of Mineral and Petroleum Resources (DMPR) has announced the official fuel price adjustments for November 2026. The Basic Fuel Prices (BFP) of petrol and diesel are going up this month; however, motorists will see prices fall at the pump thanks to a temporary reduction in fuel taxes [TopAuto].

CEO of one of South Africa’s biggest car dealership empires passes away: Combined Motor Holdings (CMH) has announced that its CEO of 27 years, Jebb McIntosh, has passed away. McIntosh has been a member of CMH’s board since 1976 and was considered an automotive titan in the local motor industry [Daily Investor].

Affordable new Ford bakkie below Ranger confirmed for global launch in 2027: In February 2026, Ford confirmed its plans for the introduction of an “affordable” new bakkie, likely to be positioned below the Ranger, before the end of the decade. The Blue Oval has now revealed this model will make its debut in global markets in 2027 [Car Mag].

Ferrari F50 sells for R310m at record-breaking Las Vegas auction: A 1997 Ferrari F50 sold for $18.7 million (R310.7 million) at Broad Arrow Auctions’ 2026 Las Vegas Auction, setting a new record for the most expensive example of the model ever sold at auction [TimesLIVE].

Audi and Mercedes hit by walkouts as unions push for higher wages: German metalworkers are stepping up nationwide stoppages as labour officials pursue wage increases and stronger job protections, escalating a dispute affecting about 3.7 million employees. Companies including VW’s Audi unit, Mercedes-Benz and Schaeffler were hit by walkouts on Monday and Tuesday after a mandatory truce period expired at the end of October [Bloomberg].