Consumer Alert: Petrol prices on the rise

By Dideka Njemla Motorists can expect sharp fluctuations in the petroleum product prices at the start of next month. According to latest data by the Automobile Association of South Africa (AA) all grades of fuel are predicted to increase pending the Department of Mineral Resources and Energy approval thereof which[…]

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Unions slam increase for Public Office Bearers

Cosatu says it is deeply disappointed that President Cyril Ramaphosa has decided to grant a salary increase of 3% to Public Office Bearers. This is on the recommendation of the Commission for the Remuneration of Public Office Bearers of 3.8%. The increment also applies to members of the Independent Constitutional[…]

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Sadtu concerned about increase in violence, robberies at schools

The South African Democratic Teachers’ Union (Sadtu) has raised concerns about safety in schools across the country. It says violent incidents and robberies have been frequent in schools since the beginning of the 2023 academic year. The union’s spokesperson Nomusa Cembi says KwaZulu-Natal is the most affected. “These incidents are[…]

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Repo rate up by 50 basis points

By Aneeqa du Plessis After much anticipation, The South African Reserve Bank (SARB) has increased the repo rate by another whopping 50 basis points to 7.75%. Commenting on the hike, SA Federation of Trade Unions (SAFTU) said it opposed the latest interest rate hike, as it will have an adverse[…]

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Petrol price hike leaves consumers in a panic

By: Aneeqa du Plessis Alas, after just a few brief months of reprieve, motorists have been hit with an increase in fuel prices. This comes after the Department of Mineral Resources and Energy announced that both grades of petrol has increased by 28-cents a litre, diesel by nine-cents a litre,[…]

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The original 15% has now gone up — here’s why Eskom wants to hike prices by 32% in 2023

South Africans could face another hit in an ongoing cost-of-living crisis after Eskom proposed to increase electricity prices by 32% in 2023. The National Energy Regulator of South Africa (Nersa) is set to make a decision on the power utility’s electricity tariff application on Wednesday. After revising its tariff application for 2023/2024[…]

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SA sim-swap fraud more than doubles in a year: SABRIC

LOCAL Sim-swap fraud in South Africa has more than doubled within a year. This is according to the South African Banking Risk Information Centre (SABRIC) 2021 report. According to SABRIC, nearly 4 400 incidents were recorded, representing a 63% increase, costing victims an average of R17 800. SABRIC says despite[…]

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