@cnbc: Falling crude prices may not translate into cheaper fuel, South African Reserve Bank Governor Lesetja Kganyago warns, pointing to elevated refining margins. ⠀ Speaking to CNBC’s JP Ong on the sidelines of the IMF-World Bank meetings, Kganyago explained why elevated refined-fuel prices are complicating the inflation outlook and forcing the central bank to set interest rates meeting by meeting.

thobanesibisi :

this guy sounds like he is explaining de isions he was told to make

Malibongwe Plaatjie :

bro didn't answer the question

Austin Palmer :

🤣🤣🤣 but this is the reason they are raising rates

Sibusiso Nyamakazi :

Rising crude oil prices translated into rising fuel prices though

He_is_Maboxa :

I wonder why they wanted to keep below 3% coz we struggled with 6-3 …we were squeezed

jaco :

any feedback on the rand manipulation scandal

Jonas :

A country facing the issues south africa is facing cannot have such a tight inflation target, our inflation target should be 6% so that we can absorb these supply shocks without leading ourselves into stagflation. But of course this has to go hand in hand with proper governance and development.

Zitha :

the result of destroying our refineries, anyways this guy should be removed, credit is expensive and hard to get in this country looks like he's not concerned about that

🇿🇦Lee🌈 :

Why don’t you build yours

Moonstone :

Revive sasol plants and make fuel locally. Come out of the rand dollar oil price..🤔🤔🤔

george__IX :

It’s just me or… “at the bininngig… in the biningin…”

Lord Marduk :

Comments here show very low understanding of the Reserve Bank and its mandate...many of the comments are for the Ministry of Energy under Gwede Mantashe. 33%

Mansa Musa :

I don't trust this old man. To me it seems like he doesn't really know what he is doing.

Loyisomntambo :

We are in business with Russia but Russia is selling fuel to USA,siyanyeleka Kodwa yile ANC

uMfana_uzodlani 🏴‍☠️🇿🇦 :

Government stole our reserves , also we don’t refine now and they sold sasol, blaming the recent events should’ve been cushioned.

Dirkievandyk :

Dewan Lyon Du Plessis🇿🇦 :

he sounds like a liar. These people are illegitimate

Jorrie✌️ :

lordflacko93 :

Time for a reset

N_ :

crude oil is a main intermediate good to produce fuel

Velih_SA :

Angimphiwe sdalo lo baba

Tashreeq :

Lerato needs to play his cards right.

Ron von G :

This guy has served his time. Replace him

UniMind Pro Markets :

Same pass through question in the US: the BLS says gasoline rose 9.1 percent in September and drove over half of the monthly rise in consumer prices. How long before cheaper crude reaches the pump?