Petrol price increases on Wednesday

The retail price of both grades of petrol sold in South Africa will increase by R1.18 a litre from Wednesday, while the wholesale price of diesel will increase by between 21 and 22 cents per litre, the energy department said on Monday. The department said the retail price of illuminating[…]

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Outa has dim view of power hike

Eskom’s implementation of a 9.4% electricity tariff increase on April 1 as approved by the National Energy Regulator South Africa (Nersa) is hanging in the balance. The Organisation Undoing Tax Abuse (Outa) has turned to the high court in Pretoria for an urgent application in an attempt to obtain an[…]

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Farm workers call for wage increase

The Rural and Allied Workers Union has called a slight increase in the minimum wage for farm workers disappointing. The Labour Department has announced a 95 cent increase for farm workers and those in the forestry sector today. Workers will now get R14,25 per hour instead of the previous R13,30[…]

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Consumers tighten their belt as recession awaits

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[…]

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UCT staff get lower increases due to #FeesMustFall

University of Cape Town (UCT) staff have had to renegotiate their salary increases for 2016 following last year’s decision not to increase university fees. The National Health Education and Allied Workers Union (Nehawu) said it had been asked to accept an 8% increase for its members at UCT, down from[…]

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Rand decline to affect property markets

With food, petrol and interest rate hikes already on the horizon due to a weakening currency, the declining rand is also expected to have a knock-on effect on the country’s property market. The most immediate impact is expected to be as a result of rising interest rates, which will effectively[…]

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Repo rate rise to cripple consumers

With the Reserve Bank announcing the increase of the inflation rate for 2016, the Congress of South African Trade Union (Cosatu) has demanded that the government put in place steps to reduce the crippling effect the hike in the repo rate will have on the poor. The swell in inflation[…]

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Zuma announces 0% increase

There will be no increase of fees at universities across the country, President Jacob Zuma announced on Friday, following a week of national protests by students. “On the matter at hand, we agreed that there will be a 0% increase of university fees in 2016,” he said via a camera[…]

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Fees affect poor black students most: Protester

Rising fees at the Stellenbosch University, and other tertiary institutions around South Africa, affect all students but especially poor black students. This was the message from a protesting student addressing a crowd at the Rooiplein at Stellenbosch on Wednesday, one of a number of protests against rising university fees taking[…]

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