Top motoring news stories - May
May Fuel Price Increase
Though fuel prices are set to increase on Wednesday 3rd May, the strengthening rand and softer international oil prices have lowered the anticipated fuel price increase. The predicted price of petrol in April by the Automobile Association was 55 cents litre but will now be 49 cents litre, while diesel will increase by 33 per litre.
Top Ten Passenger Car Sales in March 2017 by Wheels24
1. Volkswagen Polo Vivo - 2383 units
2. Volkswagen Polo - 1997 units
3. Toyota Corolla/Auris/Quest - 1511 units
4. Toyota Fortuner - 1312 units
5. Ford Fiesta - 1041 units
6. Toyota Etios - 859 units
7. Ford EcoSport - 759 units
8. Toyota Rav4 - 640 units
9. Ford Everest - 577 units
10. Volkswagen Golf 7 - 549 units
Surviving SA’s Junk Status
Rising fuel and car prices are just some of the costs that will start eating into the budgets of South Africans, but WesBank has sound advice for buyers who want to keep their budgets intact and ensure their personal credit records do not get downgraded. Some of that advice includes keeping some breathing room in your budget, keeping healthy credit record, staying debt free, and borrowing as little as possible.
MIBCO Releases the New Minimum Wage Rates
Ever wondered how much forecourt attendants(petrol attendants) in South Africa earn? According to a report by the South African Petroleum Industry Association, the majority of petrol attendants are young men with an average age of 27 earning a minimum wage of between R1 126.35 - R1 126.35 per week depending on the area.
The Motor Industry Bargaining Council (MIBCO) released the new prescribed minimum wage rates and guaranteed wage increases for the period ending 31 August 2017.
The same circular indicates the minimum wage for parking garage attendants (car guards) of R657.45 per week.