The South African (SA) Medical Association (SAMA) has criticised a proposed 4.1% salary increase for public office bearers, warning that the move comes at a time when the country’s public health system is under intense financial strain.

According to the latest data from the Central Energy Fund, both grades of petrol are expected to decrease by between $0.030 and $0.032 per litre. Diesel users are likely to benefit the most, with prices forecast to fall by between$0.076 and $0.083 per litre. The price of illuminating paraffin is also expected to drop by around $0.060 per litre over the same period. The anticipated reductions reflect improved currency performance and softer oil prices towards the end of the year. The Rand has strengthened on the back of improved investor sentiment towards SA, which has helped lower fuel import costs. Fuel prices in SA are adjusted monthly and are influenced mainly by global oil prices and movements in the exchange rate. Any sustained improvement in these factors can translate into relief for consumers, particularly during periods of high transport and household energy demand. –SABC/ChannelAfrica–

The South African (SA) Rand softened in early trade on Monday as investors booked profits from a precious metals rally.