South Africa cuts fuel taxes as pump prices hit record highs 31 minutes ago South Africa announced fresh fuel-relief measures on Wednesday to cushion motorists and commuters battered by record pump prices as uncertainty roils global energy markets. Africa's most industrialised economy, which imports most of its fuel, has been hit hard by price swings and supply disruptions triggered by the US-Israeli war on Iran and the choking off of the strategic Strait of Hormuz. The...
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