The South African Enquirer

Lerato Mokoena

Lerato Mokoena is the Business and Technology Editor and covers the economy, the markets and the technology the country runs on, from the JSE to the grid to the networks in between.

JSE drops more than 2% as the rand slips and record fuel prices bite

The JSE fell more than 2% on 7 October 2026, with resources stocks down 3% and financials nearly 3%, while the rand weakened by more than 1% against the dollar. Gold dropped 2% and platinum 5.5%.

Lerato Mokoena · 11 Oct 2026

Business & Technology

Petrol jumps R3.33 a litre and economists warn the repo rate could rise again in November

Fuel went up by between R2.84 and R3.33 a litre on Wednesday. A further 25 basis point hike would add about R319 a month to a household carrying a R1.5m bond and a R500 000 car, before the higher cost of fuel, transport and food is counted.

11 Oct 2026

Earlier from Lerato Mokoena

Business & Technology

Lerato Mokoena

JSE drops more than 2% as the rand slips and record fuel prices bite

Petrol jumps R3.33 a litre and economists warn the repo rate could rise again in November

Earlier from Lerato Mokoena

CSIR opens Pretoria plant to make vaccines from scratch in South Africa

JSE slides more than 2% as rand, gold and platinum all fall on Fed rate fears

Aspen takes Africa's vaccine case to Beijing as 40 manufacturers meet

Ramaphosa's Ankole heifer Queen Arusha sells for R6.4 million

Transnet staff flagged Richards Bay equipment problems before auditor-general found R100m in waste

Rand slides to R16.71 as a weak US jobs report reshapes the rate bets

Sanlam moves to take full control of Santam

G7 releases 100 million barrels of oil but SA fuel prices still head for record highs on Wednesday

Panic button data breach alarms Gauteng legislature as victims' details may be exposed

Eskom drops the solar registration fee, but registration itself is still the law

MTN Foundation and UNDP pair connectivity with policy to widen Africa's digital skills pipeline

Shoprite report finds 42% of small businesses say they are growing

Reserve Bank expected to lift prime rate to 10,75% this week

A rate rise of half a point would add R336 a month to a R1m home loan

Transnet rail manager warns funding delays could cut freight volumes as 250-million-tonne target slips

Reserve Bank hikes rates again: R1m bond now costs R170 more a month

Spar warns results will be worse as 1,700-store turnaround stalls

G20 trade ministers meet in Milwaukee as Trump tariffs split the world's biggest economies

Reserve Bank tipped to hike rates on Wednesday as inflation sits at 4,3%

Absa names sustainability data as Africa's next strategic asset

Nyati gets three more years as Eskom chair

Bonds are cheap, but the case for buying them rests on one number

NHLS chief says lab demand is outgrowing the system as hospital building accelerates