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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 […]

Energy regulator Nersa’s proposal to increase municipal electricity tariffs by another 7.47% in July 2022 will put many South Africans over the edge, says Neil Roets, chief executive of Debt Rescue. This figure constitutes a 3.49% increase for the 2022/23 year, and this is separate from the 9.6% annual increase for Eskom customers that kicked […]

Government intervention to help lower South Africa’s petrol prices in April and May will be welcomed by motorists, but there is no guarantee that international factors will have improved by June. This concern was flagged by both National Treasury and Department of Energy officials in presentations made to parliament in March about possible interventions. While […]

South African consumers face a double financial blow over the December holiday period as steep petrol price increases and growing grocery inflation take effect. The country’s latest fuel price increase, which took effect on 1 December, has seen the fuel price pass the R20/litre level for the first time on record. The recent upswing in […]

South Africans are from today paying R1.21 more per litre of petrol, and R1.48 more per litre of diesel – with petrol prices up more than 30% since the start of the year. According to Sebastien Alexanderson, CEO of National Debt Advisors (NDA), most South Africans are already struggling to make ends meet, and this […]

Food prices in South Africa are climbing – and households should expect that trend to continue for the rest of the year as rising fuel prices, more incidents of civil unrest, and festive season price hikes kick in. This is according to the Pietermaritzburg Economic Justice and Dignity group (PMBEJD) which expects households to suffer a […]

The Quarterly Employment Statistics published by Statistics South Africa on Tuesday (28 September) show that an additional 86,000 jobs were lost in the formal non-agricultural sector in the second quarter of 2021, with economists warning that the cuts will have significant knock-on effects. The data shows that total employment in South Africa decreased from 9,652,000 in March […]

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