Cost of transporting goods has risen 22% because of fuel hikes, inflation shock coming - Naude Rademan of Linebooker

Loading player...
The 47% surge in fuel prices translates into a direct increase of 22% in the cost of goods says Naude Rademan, CEO of Linebooker, SA's 'Uber for Truckers'. In this interview with Alec Hogg of BizNews he explains how consumers have been shielded from the inpact of this cost increase, but reckons that cannot last indefinitely, predicting a looking shock for already rising inflation. Learn more about your ad choices. Visit megaphone.fm/adchoices
28 Jul 2022 3AM English South Africa Investing · Business News

Other recent episodes

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min

The BizNews Edge: Nedbank, Grindrod and the coal stock no one was watching

Nedbank confirmed its guidance this morning, and its East Africa deal is weeks from closing - a transformation most investors are still underpricing. Grindrod's Port of Maputo posted extraordinary volumes, but the share may already be priced for perfection. A small coal miner no one follows just disclosed an 1,800%…
24 Jun 8AM 26 min