Petrol price to increase on Wednesday

Motorists can expect an increase in petrol prices on Wednesday. The Department of Energy says Petrol is set to increase by 29 cents a litre of 93 unleaded petrol. And leaded petrol will increase by 26 cents a litre. Diesel will see an increase of 42 cents and illuminating paraffin[…]

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Taxi fares won’t increase just yet: Santaco

The South African National Taxi Council (Santaco) says it won’t increase the taxi fares just yet. Santaco Spokesperson, Thabiso Molelekwa, however, says a hike is likely in the near future. He says financial losses incurred by the industry during the peak of the COVID-19 pandemic may necessitate a significant price[…]

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Eskom electricity tarrif increase comes under scrutiny

Cope says government should review the 15% electricity tariff increase that kicked in on Thursday. The party’s spokesperson Dennis Bloem has condemned the electricity hike. He says it will further kill the economy and hit the poor and unemployed the hardest: “Government can never justify this increase. Millions of people[…]

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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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