With South Africas shipping season for apple and pear outflows about to get under way, spiralling logistical costs both at home and on the waterside are driving home the market impact that the Middle East is having on exports.
This week, the price of diesel is expected to increase by at least R10 per litre as a direct result of Iran's squeeze on the supply chain through the Strait of Hormuz.
At the time of preparing this post, there were reports of appeals being made to the countrys Treasury to throw a lifeline to consumers, and the Central Energy Fund had yet to make an announcement on Wednesdays fuel price increase.
