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The Gibbons Report - 3 August 2026
['Algoafm South Africa']
AlgoaFM News
Perhaps most important from our perspective, Naamsa will later today release the new vehicle sales for the month of July.
ABSA, S&P GLOBAL PMIs DUEWe’re also going to see the latest Absa purchasing managers’ index – the PMI for July.
It’s fair to say that manufacturing continues to struggle, with higher production costs driven by those higher fuel prices.
PETROL TO FALL, DIESEL TO RISEWe’ll also have the latest fuel prices from the Department of Mineral and Petroleum Resources.
No such joy for diesel users – the wholesale price of diesel is expected to climb by R1.10 cents a litre.