Energy analyst Chris Yelland says the judgment by the High Court in Johannesburg regarding Eskom, will have an immensely negative impact on consumers and businesses. Electricity tariffs are set to increase at no less than 15% from 2021, after Eskom won a court battle against the National Energy Regulator of[…]
Eskom has welcomed the High Court in Pretoria’s ruling against the National Energy Regulator of South Africa, paving the way for the utility to recover R27 billion from consumers. The court set aside Nersa’s tariff decision and granted Eskom leave to apply to Nersa for additional expenses incurred in the[…]
Shopping malls can be a place of therapy for consumers as they relish in the thrill of spending their money on desirable goods and services. However, a pleasant shopping experience can quickly turn tragic, due to injury and accidents. Two weeks ago, a part of the ceiling of the Somerset[…]
Economists have expressed surprise at the degree to which the economy contracted in the first quarter of 2018. Growth domestic product (GDP) shrank by 2,2 percent to end March – marking the economy’s worst performance in nine years. It is the largest quarterly fall since the second quarter of 2009.[…]
The telecommunications regulator says service providers MTN‚ Vodacom and Cell C must provide an option to roll over unused data‚ ending the frustration of customers losing unused data after 30 days. The Independent Communications Authority of SA (Icasa) made the announcement in Sandton on Thursday when it released its review[…]
Big business, the mining sector and civil society groups have come out in opposition of the 9.4 per cent Eskom tariff increase for 2016/17, but the ailing utility said it needed a 16.6 per cent hike to recover R22.8 billion. But as consumers feel the brunt of higher water tariffs,[…]
Consumers burdened by debt will be hardest hit by increases in fuel and tax levies announced by Finance Minister Pravin Gordhan in his Budget yesterday. Although analysts said that Gordhan was left with little choice but to craft a tight budget, consumers complained his measures would leave them short. Many Capetonians[…]
Consumers will have no choice but to tighten their belts as the country was hit with another repo rate hike on Thursday. As the economy slips further into a downward spiral, Reserve Bank governor Lesetja Kganyago announced a repo rate increase of 50 basis points to 6.75%. After revising the[…]
Only 21c in every rand is available to the average South African household to pay for living expenses. The rest is used to pay debt, despite measures in the last two decades to curb levels of household indebtedness. What’s more, of the 20 million credit-active consumers in this country, 47%[…]
South African consumers have over the few last weeks flooded the country’s stores, buoyed on by end of year bonuses and festive season sales. Despite the country’s economy seen as being at its weakest in years, this has done little to damper consumers from spending their hard earned cash. But[…]
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