Ndumiso Hadebe, Chief Economist at KH Research and Equity Partners

First Thing is First |We chat about the latest developments when it comes to fiannces and the economy…Fuel Price Hikes and  The official unemployment rate retreating from a record high of 35.3% in the fourth quarter of 2021 to 34.5% in the first quarter of 2022 With a decision now taken on the fuel levy, the Department of Mineral Resources and Energy has announced adjustments to fuel prices that come into effect on 1 June. This follows the announcement that the fuel levy would be suspended for a further two months. The price of petrol will rise by R2.33 for 95 and R2.43 for 93 from midnight on Tuesday. The price of diesel will increase by R1.10 and R1.07 for the different grades. Illuminating paraffin will increase by R1.56 from midnight. This rise in petrol price comes from several international and local factors such as the crude oil price, the rand/dollar exchange rate and termination and removal of the demand side management levy. The official unemployment rate retreated from a record high of 35.3% in the fourth quarter of 2021 to 34.5% in the first quarter of 2022, Statistics SA reported on Monday. For the second quarter in a row, the expanded unemployment rate - which includes discouraged work seekers who have given up looking for work – declined. It fell from 46.2% to 4 Guest: Ndumiso Hadebe, Chief Economist at KH Research and Equity Partners