Consumers will feel impact of war at fuel pumps
The global oil market is under pressure, with geopolitical instability driving prices higher and directly impacting consumers at the pump.
- Industry News
- 4 March 2026
This past Friday (14 October), the National Union of Metalworkers of South Africa (NUMSA) signed an above-inflation wage agreement with the Automobile Manufacturers Employers Organisation (AMEO) that will see workers in the automotive industry receive an 8.5% increase.
AMEO represents motor manufacturers such as Mercedes Benz, BMW, Nissan, Toyota and Volkswagen, while NUMSA is the country’s biggest union with over 400 000 members.
According to the deal that was signed at the National Bargaining Forum, the workers will receive the 8.5% increase in the first year followed by a 7% increase in both the second and third year of the three-year deal, which will be valid until 30 June 2025.
In addition, each employee will also receive a taxable one-off gratuity payment of R10 000.
The union said that workers could expect back pay from July to September at the end of this month.
In August, NUMSA rejected AMEO’s offer of a 6.2% increase in year one, followed by an increase of 5.6% in year two and 4.7% in year three.
In the statement NUMSA released to announce the agreement, they said that it was “significant that we have maintained the standard for the sake of workers and their families, when other unions are encouraging members to sign agreements and settle with (sic) 3%”.
The global oil market is under pressure, with geopolitical instability driving prices higher and directly impacting consumers at the pump.
Hyundai Automotive South Africa is celebrating a significant milestone, namely 800 000 vehicles sold so far since its debut 25 years ago.
South Africa’s automotive landscape is shifting. While established brands remain strong, buyers are increasingly willing to explore alternatives that deliver better value, stronger features, and more contemporary engineering.
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You can't buy happiness but you can buy cars and that's kind of the same thing.
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The global oil market is under pressure, with geopolitical instability driving prices higher and directly impacting consumers at the pump.
Hyundai Automotive South Africa is celebrating a significant milestone, namely 800 000 vehicles sold so far since its debut 25 years ago.
South Africa’s automotive landscape is shifting. While established brands remain strong, buyers are increasingly willing to explore alternatives that deliver better value, stronger features, and more contemporary engineering.