Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

Union wants RAF levy rebate

Jun 11 2008 14:55

Related Articles

Petrol price set to rise again

No respite with huge fuel hike

Motorists fill up and flee

 

Top Stories

Cell C move sparks price war

May 27 2012 11:21

There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.

Another golf estate victim

May 27 2012 13:09

The oversupply of golf estates has claimed another victim.

MyCiti buses running at a loss

May 28 2012 07:53

The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.

 
Share Share line Print
Johannesburg - Trade union Solidarity on Wednesday called on government to come up with a comprehensive plan to curb increasing fuel prices.

A report published by the trade union suggested a number of ways in which fuel taxes, among other things, could be kept under control.

One of Solidarity's recommendations is a renewed investigation of the efficacy of the road accident fund.

"Consumers currently pay 46.5c/l to this fund, which has already been characterised as inefficient and corrupt. Solidarity feels that consumers who already enjoy similar benefits through alternative insurance or funds should be able to claim a rebate on this levy," said Jaco Kleynhans, Solidarity spokesperson.

Solidarity added that the road accident fund in its present form is inefficient due to high levels of corruption.

About R1.27 from every litre of fuel sold in South Africa goes to the treasury, adding R23bn to government coffers last year, the union's report claimed.

Solidarity wants an investigative team to weigh up the viability of a number of options and to arrive at a solution that will serve the interests of the consumer.

"Sharply rising oil prices mean that South African consumers are faced with a crisis, but this crisis can be alleviated by effective government intervention. Rebates and other measures should be reviewed in times of crisis, such as we are experiencing at the moment," Kleynhans said.

- I-Net Bridge

 
 
Comment on this story
0 comments
Comments have been closed for this article.
It pays to know the cost and what you’re getting in return
May 28 2012 09:33

Investors may not have a clue what they’re paying their money managers or they type of service they’re getting, or, whether they can actually negotiate lower fees. (Reuters)

Sasha

"In the short term this is true, Greece will dominate the headlines on a day to day basis, until their next elections when there would be some clarity to answer the question, "What next for Greece?" Amazingly everyone except the politicians seem to be lining themselves up for worst case scenario, b... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...