South Africa is facing a sharp fuel price shock driven by global geopolitical tensions, particularly the conflict affecting oil flows through the Strait of Hormuz

The National Briefing · Apr 1, 2026 · 14m

South Africa is facing a sharp fuel price shock driven by global geopolitical tensions, particularly the conflict affecting oil flows through the Strait of Hormuz. In response, government has introduced a temporary fuel levy cut to cushion motorists. While this provides short-term relief, economists like Dawie Roodt warn that such interventions may come with long-term costs for consumers and the broader economy.

Guest: Dawie Roodt: Chief Economist Efficient Group