SA can find the money to cut fuel levies by 50% for 6 months – DA | News24
Fact-Check Results
“The DA is demanding a 50% reduction in fuel levies as of April to shield South Africans from the impact of the US-Israel war on Iran.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm or refute the claim about DA's fuel levy demand.
“The party says it has submitted its 'urgent' proposal to Minister of Mineral and Petroleum Resources Gwede Mantashe, as well as to President Cyril Ramaphosa.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to verify submission of proposals to Mantashe and Ramaphosa.
“According to DA spokesperson on finance, Dr Mark Burke, the looming R6.35 of combined fuel levies that will come into effect on 1 April, following a 21c per litre increase, should be reduced to R3.17 for 'immediate and sensible relief'.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm Dr. Burke's statements about fuel levy calculations.
“Central Energy Fund data now indicates an increase of R5.72 per litre for 95-octane petrol, R9.67 per litre for diesel with 0.05% sulphur (the wholesale increase), and an R11.42 per litre increase for paraffin.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to verify Central Energy Fund's price increase data.
“Adding the 21c per litre budgeted annual increase in levies would bring the petrol price increase to R5.93 per litre and R9.88 per litre for diesel.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm the projected petrol/diesel price increases.
“Burke concedes that a temporary halving of the levies would cut about R6.5 billion a month from tax revenue and Road Accident Fund funding.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to verify the R6.5 billion revenue impact claim.
“The Compensation Fund (CF) paying over its annual surplus; pulling the surplus funds from the SETA system; cutting spending in the Targeted and Responsible Savings (TARS) programme; and extending ghostworker audits to municipalities and state-owned entities.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm DA's proposed revenue sources for levy reduction.
“The Compensation Fund is 'severely mismanaged and overfunded', allowing for an annual surplus of R21.7 billion, which equates to three months of fuel tax relief.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to verify Compensation Fund surplus figures.
“The SETAs, according to the DA, sit on R6.7 billion in annual surplus, making for one more month of fuel tax relief.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to confirm SETA surplus and fuel tax relief equivalence.
“TARS, in turn, has accumulated R12 billion in savings, allowing for two months of fuel tax relief.”
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INSUFFICIENT EVIDENCE
— No evidence found in archive to verify TARS savings and fuel tax relief equivalence.
“The minister informed the committee that South Africa’s fuel supplies from the Gulf are not at risk, as the nation is not an ally of the United States and Israel.”
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PENDING
“Several countries have been offering South Africa cargo loads of fuel. 'In my understanding, Nigeria’s Dangote refinery has about 160 000 barrels of uncommitted supply, which I am sure we will make a bid on.'”
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PENDING