South Africans may be breathing a collective sigh of relief at the news of some respite at the petrol pumps from Wednesday onwards, but the reality is that this is simply a drop in the ocean of soaring living costs that have pushed consumers to the brink of despair. While the announcement by the Minister […]
OPINION: Debt Rescue has seen a sharp surge in the number of South Africans seeking debt relief. My advice to those who are in a debt trap is to remember that you are not alone, writes Neil Roets. The announcement by the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) of the steepest repo […]
Written by Ashley Lechman Following the South African Reserve Bank hiking the repo rate by 75 basis points yesterday, many of the country’s financial market gurus are fearing the worst. The Sarb’s Monetary Policy Committee (MPC) increased its benchmark interest rates for a fifth time in a row, this time by 75 basis points to […]
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 […]
By Neil Roets LOOKING back over a year of Eskom’s electricity price hikes may seem like a recurring bad dream, but the reality is that keeping the power on has become nothing short of a nightmare for the average South African.Now, energy regulator Nersa has proposed another municipal electricity tariff increase of 7.47 percent as […]
CASH-STRAPPED South Africans can take a breather today as fuel prices decrease, easing the cost of living. Meshel Muzuva, a senior finance and economics lecturer at private higher education institution Mancosa, said yesterday the impact of the decrease in the price of paraffin would result in poorer households witnessing decrease in their cost of living. […]
Consumers will be digging deep into their pockets for petrol and electricity as prices soar to their highest in spite of household income being impacted by the Covid-19 pandemic. The petrol price breaches the R17 mark today for the first time since late 2018, following hikes of 95 cents and R1 per litre for 93 […]
Cape Town – South Africa’s already cash-strapped consumers will have to dig deeper into their pockets as petrol, diesel and illuminating paraffin are set to increase in price and experts have warned that the hikes foreshadow further shocks to the economy in the months to come. On Monday, Mineral Resources and Energy Minister Gwede Mantashe […]
THE rise in the cost of living is fast outstripping consumers’ incomes. According to Statistics SA (StatsSA), fuel and the price of meat has increased by 9% compared to last year. Primary and secondary education has in creased by 7.7%while books and stationery have gone up by 7.2%. Water and other services have gone up by 7.2%, while […]
Increase in cryptocurrency investors applying for counselling THE LATEST investment craze is driving thousands to consult debt counselors as they have found themselves in debt in attempts to find riches. Cryptocurrencies like Bitcoin have seen a rapidly growing number of deeply indebted consumers getting themselves into financial trouble. Financial expert and Debt Rescue chief executive, […]
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