By Yogashen Pillay Durban – Experts have warned consumers to prepare for another steep fuel price increase next week. The AA has warned that consumers could expect an increase of about R2 for the prices of petrol and diesel. Layton Beard, AA spokesperson, said unaudited fuel price data from the Central Energy Fund showed a […]
South African consumers are set to face a series of price hikes in July, including electricity and fuel price increases. Major metropoles – including CapeTown, Johannesburg, and Durban – are set to introduce their municipal electricity tariffs from Friday (1 July) after energy regulator Nersa approved a 7.47% increase earlier this year. This figure constitutes […]
ON THE EDGE: COST OF LIVING INCREASES MAKE IT HARD TO COVER BASICS By Ina Opperman The middle class is the group most in danger of being pushed over the poverty line due to the impact of frightening cost of living increases Middle-income consumers spend up to 80% of their monthly salary within five days […]
By James Bradford South Africa’s middle class is the group most in danger of being pushed over the poverty line due to the impact of frightening cost of living increases. Middle-income consumers spend up to 80% of their monthly salary within five days, and an average of 30% of their income goes toward unsecured credit […]
First National Bank (FNB) recently revealed that middle-income consumers were spending up to 80% of their monthly salary within five days of being paid. In addition, salaried middle-income consumers with credit spend, on average, 30% of their income on unsecured credit and 35% on secured credit. CEO of Debt Rescue Neil Roets says that their […]
By: Val van der Walt While there’s no doubt motorists welcome the government’s decision to extend fuel relief in the form of a reduced General Fuel Levy (GFL) in June and July, these massive increases are still going to hurt consumers and the economy, according to leading economists Neil Roets and Dawie Roodt. Poverty Debt […]
By Steve Tillman The rising cost of living, record petrol price increases and higher interest rates all point to middle-class South Africans having less disposable income in the coming months, says FNB. Commenting on its latest price changes, released on Wednesday, the bank noted that the rising cost of living played a key part in its […]
By Hanlie Stadler Net mooi niemand is tevrede met die tesourie se besluit om nog twee maande lank ’n laer brandstofheffing vol te hou nie.Aan die een kant word die ingryping as ’n onbenullige “byvertoning” beskou om die aandagvan die steeds enorme styging in brandstofpryse af te trek. Aan die ander kant word dit as […]
If the government chooses to end the levy it will be a travesty for people who are reliant on their government for support By Neil Roets Over the past 12 years the price of a litre of fuel has more than doubled, from R10.43 for 93 octane petrol at the time. Now, in what must […]
A Fin24 reader who was granted a credit card and an overdraft facility a few years ago while earning a good income is now unable to pay toward settling his debt due to unemployment. He wants to know what will happen next. He writes: I am a 75-year-old male who stays with my daughter and […]
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