"The Rand incurred heavy losses at mid-month in the wake of the NPA's decision to charge Finance Minister PravinGordhan," the AA said.
"The deficit has not been made up, even though the Rand has been slightly stronger in the last ten days. In the time being, international petroleum prices, which had been steadily rising in the first two weeks of October, have flattened out somewhat, which is encouraging."
Despite the improved stability of both oil and Rand, consumers will still be in for strain at the pumps. Petrol is set to rise by around 45 cents a litre, diesel by 64 cents and illuminating paraffin by 57 cents.
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