Intu-Afrika Business Management Consulting & Broker Services

01/01/2024

05/04/2022

‼️Fuel Price April 2022

A Slightly lesser increase in price per liter than predicted. But an increase nonetheless. Record allround high prices on fuel.

Paraffin consumers will feel the pinch from April.

Here is the announcement.

The rand appreciated against the US Dollar during the period under review, on average, when compared to the previous period. The average Rand/US Dollar exchange rate for the period 25 February to 31 March 2022 was 15.0211 compared to 15.2343 during the previous period. This led to a lower contribution to the Basic Fuel Prices on petrol, diesel and illuminating paraffin by 17.92 c/l, 19.68 c/l and 19.14 c/l respectively.

Taking these factors into consideration, the changes for April are as follows:

Petrol 95: increase of R0.36 per litre;
Petrol 93: increase of R0.28 per litre;
Diesel 0.05%: increase of R1.52 per litre;
Diesel 0.005%: increase of R1.69 per litre;
Illuminating Paraffin: increase R2.66 per litre.

The combined cumulative petrol and diesel Slate balances at the end of February 2022 amounted to a negative balance of R 7.171 billion. In line with the provisions of the Self-Adjusting Slate Levy Mechanism, a Slate Levy of 52.62 c/l (increase of 6.56 c/l) will be implemented into the price structures of petrol and diesel with effect from 6 April 2022.

12/03/2022

https://m.facebook.com/story.php?story_fbid=5074927832573359&id=161562313909960

19/02/2022

With the ANC Government and it's Departments always expect a "But...". In this case a 300% increase in cost to consumer ...but

Civil society group Outa has welcomed the introduction of the online vehicle and driver’s licencing system in South Africa, but warned that the government has slipped ‘massive cost increases’ into the new services.

17/11/2021

"WE ARE the visionaries, the game changers, the fearless and the faithful
WE ARE the stalwarts and the mavericks, the conservatives and the modern
WE ARE, business leaders"

17/09/2021

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22/08/2021

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22/08/2021

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19/08/2021

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17/06/2021

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21/05/2021

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14/05/2021

Woolly thinking

An illustration of Ntshavheni’s woolly thinking on small-business support is that she celebrates the fact that the Department of Small Business Development helped 737 manufacturing SMMEs that generated R268 million in total revenue, through its Small Enterprise Development Agency (SEDA).

That is a measly R364 000 in revenue per company per year. Ntshavheni claims that all this ‘enterprise’ sustained 527 manufacturing-based jobs, and created another 1364 new jobs, presumably not based in manufacturing, for a total of
1891 jobs.

If all the revenue were paid out as wages, which it obviously isn’t, those jobs would pay an average of less than R12 000 per month. If you first subtract the cost of premises rental, electricity, raw materials, machinery depreciation and maintenance, computerised accounting and production information systems, insurance, taxes, and administrative overhead, you’re left with pay packets that cannot possibly be much above minimum wage. I’ll bet very few of those enterprises run at a profit.

And at what cost to the taxpayer does Ntshavheni’s department achieve all this proudly South African manufacturing enterprise? Let’s add up the minister’s numbers.

First, the SEDA Technical Assistance Programme spent R15 million to help 684 manufacturers with product and process technology. Second, the Small Enterprise Finance Agency paid R68 million to youth-owned enterprises, and another R167 million to women-owned enterprises. (Note the nod to identity politics.) Third, the Cooperatives Incentive Scheme supported 118 cooperatives with R34,5 million.

That adds up to R284,5 million, which exceeds the total revenue generated by all these enterprises. Of course, capital should not be mistaken for revenue, but government has a poor track record of picking entrepreneurial winners.

Small business development minister Khumbudzo Ntshavheni wants to enforce ‘local content’ in manufacturing by prohibiting the import of entire categories of products. That’s how you build really terrible stuff. For over thirty years, communist East Germany produced a car known as the Trabant. ...