Business Fleet Africa October 2023

The October edition of Business Fleet Africa brings you all the hottest news and developments from the world of working wheels and their related industries. This month we bring you the latest from Suzuki, Toyota, the Road Accident Fund, Mercedes-Benz Vans, Goodyear, and many more. Regular topics include business advice from Standard Bank, road safety expert Ashref Ismail and a deep dive into the Ctrack Transport and Freight Index.

October 2023 | BUSINESS FLEET AFRICA

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Editor

Reuben van Niekerk

reubenvn@vodamail.co.za

082 837 8801

Editor-at-large

Suzanne Walker

suzanne.walker3@gmail.com

083 3789 664

Contributors

Roger Houghton

houghtonr@mwebbiz.co.za

082 371 9097

Publisher

Jacques Wilken

jwilken@mweb.co.za

083 299 7312

Supplement Editor

Tristan Wiggill

Tristan@businessfleetafrica.co.za

Advertising and Marketing

Charlene Kruger

charlene@businessfleetafrica.co.za

076 807 4613

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Disclaimer

While all reasonable precautions

have been taken to ensure the

accuracy of information supplied,

neither the editor, the proprietors,

nor the publishers can accept

responsibility for any inaccuracies,

damages, or injury which may arise

there from.

Fuel hikes keep coming

Diesel prices increased for the fourth consecutive month at the

beginning of October these latest significant adjustments are

mainly attributable to rising international oil prices. While the weaker Rand/US Dollar

exchange is also playing a role in the hikes for all fuels, its contribution is less substan-

tial than the international product prices.

“These increases are going to hit all consumers hard, and they come at a time

when most South Africans are feeling extreme financial pressure. It remains con-

cerning, however, that in the face of these increases, government remains silent on

its plans, if there are any, on a way forward to deal more effectively with fuel price

increases,” says the Automobil Association.

Unfortunately there is not much that one can do about the fuel prices, because if

you are utilising vehicles for business purposes driving less is not an option. However

it is important to use vehicles as efficiently as possible and this is where a well sorted

fleet management system is worth its weight in gold. Ctrack offer a variety of options

which now utilise AI to lessen the workload on fleet managers.

The maintenance of vehicles is also critical in keeping the lid on fuel consumption.

It is important to ensure that vehicles are kept in a good mechanical condition,

serviced in line with manufacturers guidelines and that tyres are inflated to manufac-

turers specifications to ensure optimum consumption.

Transport industry faces headwinds

The latest Ctrack Transport and Freight Index, which measures six of the major sectors

of the transport and logistics industry retreated further during August, the third

consecutive monthly decline. This index is always a good barometer of the transport

industry’s health and also closely tracks the country’s GDP. Four of the six-sub sectors

including the biggest contributor, road freight, declined. In recent years the transport

industry has managed to outperform a variety of other industries and while the

economic narrative remains generally static, with ongoing load-shedding, elevated

interest rates, a lacklustre job market and low confidence levels, it is evident that

sector-specific challenges have also played a role in the transport sector’s underper-

formance during the second quarter of this year.

Sales remain buoyant

Despite the aforementioned challenges sales of commercial vehicles remain buoy-

ant. Aggregate domestic vehicle sales declined by 4,1% during September but sales

of light commercial vehicles, bakkies and minibuses increased by 4,6% while sales of

vehicles in the heavy trucks segment increased by 10,5%. This positive performance

is an indication that despite a variety of challenges works needs to be done and

commercial vehicle users continue to invest in new vehicles required to keep the

economy going

We would love to hear from you

We are always refining Business Fleet Africa as we aim to offer an all-encompassing,

informative and relevant read. As we plan for 2024, we would love to hear from you.

What would you like to see more of or less of? Please let us know by way of email.

Reuben van Niekerk

Editor

Editorial

EDITORIAL

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