Good morning. Today we’re covering the large fuel price cuts on the cards for next month, the Supreme Court of Appeal hears Jacob Zuma’s medical parole case, and Kenyan deputy president William Ruto wins a hotly contested election.
Why petrol, diesel prices are on track for large cuts next month – fin24
After months of price increases and repo rate hikes, our wallets may finally see some relief next month via a substantial decrease in the fuel price should the current dollar exchange rate and global oil prices hold.
According to the latest data from the Central Energy Fund, unleaded 95 petrol is set to decrease by R2.60 a litre while unleaded 93 petrol is set to drop by R2.45 a litre during the first week of September. Diesel will be reduced by more than R2.30 a litre.
While the figures look very promising, the Automobile Association says it is important to remember these are just mid-month figures and they may change by the end of the month when adjustments are made for September. Read more here.
Arthur Fraser ‘erred spectacularly’ in granting Zuma medical parole, Supreme Court of Appeal is told – Daily Maverick
At the Supreme Court of Appeal in Bloemfontein on Monday, advocate Max du Plessis SC argued that former correctional services commissioner and known Jacob Zuma ally, Arthur Fraser, erred “spectacularly” in law and rationality when he summarily dismissed a recommendation by the Medical Parole Advisory Board that Zuma did not qualify for medical parole.
Du Plessis told the court that Fraser was the national commissioner, “not the medical commissar.”
“He doesn’t have the power to arrogate a wider power to himself to determine the medical question or ignore the board.” Read more here.
William Ruto wins Kenya’s presidential election amid results row – Business Day/Bloomberg
Deputy President William Ruto was declared the winner of Kenya’s presidential election after he saw off five-time contender Raila Odinga in an extremely close race.
Just minutes before the official results were announced by the chairman of the electoral commission Wafula Chebukati, his deputy Juliana Cherera announced that she and three other electoral commissioners disputed the results.
Chebukati said he stood by the results despite being subjected to intimidation and harassment. “I’ve done my duty according to the constitution,” he said. Read more here.
Here’s what else we’re reading today:
Saftu national shutdown hits first snag as Numsa says it cannot financially back strike – fin24
Strike at Hisense South Africa’s Atlantis factory suspended – EWN
Pick n Pay launches new supermarket brand – SABC News
Boom in small-scale solar installations in South Africa – BusinessTech
Twitter has to give Musk only one bot checker’s data: Its fired ex-product head – Daily Maverick
Mpofu argues that Fraser acted within the law by granting medical parole to Zuma – news24
Perfect storm has hit middle-class South Africans – BusinessTech
SA logistics start-up makes courier services redundant – Ventureburn
Inflation, labour shortages to delay recovery in business travel spending – Industry forecast – SABC News
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