AA WARNS SOUTH AFRICAN MOTORISTS TO PREPARE FOR HIGHER PETROL PRICES
The Automobile Association (AA) of South Africa has warned motorists to prepare for a roller coaster year amid a weaker rand and higher oil prices.
Motorists have already been hit hard at the start of the New Year with petrol prices increasing by 50 cents a litre.
The AA considers as major domestic risks the perceived abuse of State institutions for personal gain by senior government figures.
It says the faltering economy means the country is ill-positioned to weather further political scandals as this will have a direct effect on investor confidence and drive the rand weaker.
The petrol price was raised in five of the 12 monthly fuel price adjustments in 2016.
Source: NAM NEWS NETWORK