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Durban – The eThekwini Municipality has assured consumers it will limit the electricity tariff hike to the 9.4 percent increase granted to Eskom. City Treasurer, Krish Kumar has confirmed that, unlike other municipalities, eThekwini would not add further increases to the hike approved by the National Energy Regulator of South Africa (Nersa). “We are doing… Continued

Johannesburg – Minister of Trade and Industry, Dr Rob Davies, has called on the National Consumer Protection Regulators to join hands in addressing consumers’ concerns. Davies addressed delegates at the Consumer Protection Conference on Tuesday, hosted by the National Consumer Tribunal in partnership with the National Consumer Commission and the National Credit Regulator, in Sandton.… Continued

#Budget2016 / Johannesburg – Economists and financial analysts have reacted to Finance Minister Pravin Gordhan’s budget speech… * In addressing the persistent budget deficits, as expected, a combination of increased taxes and cost containment has been proposed, with forecasts of a reduction in the budget deficit to 2.4 percent in 2019. With respect to increased… Continued

#Budget2016 / Cape Town – Consumers burdened by debt will be hardest hit by increases in fuel and tax levies announced by Finance Minister Pravin Gordhan in his Budget yesterday. Although analysts said that Gordhan was left with little choice but to craft a tight budget, consumers complained his measures would leave them short. Many… Continued

Johannesburg – President Jacob Zuma seems to have failed to impress with Thursday’s State of the Nation Address as commentators say he delivered no real solutions. This comes despite Zuma’s promises to cut down on state spending, and eliminate fruitless and wasteful expenditure. All sorts of things are going – from trips overseas to one… Continued

Johannesburg – Economists are divided on exactly how badly the repo rate hikes will affect the average South African in debt, though few believe yesterday’s hike is good news. The South African Reserve Bank is to increase the repo rate by 50 basis points. According to SARB governor Le-setja Kganyago, the rate at which the… Continued

Durban – Economists have urged South Africans to tighten their belts and brace themselves for a rocky year ahead with higher food and fuel prices set to hit pockets hard as the rand continues to wobble. And, rubbing salt in the wound, South Africans have also been warned to ready themselves for an interest rate… Continued

Johannesburg – A massive spike in the rand/dollar exchange rate in the early hours of yesterday is a sign of terrible things to come, according to economists. “We are in a bit of a currency crisis right now,” economist Mike Schussler told The Star. Just after midnight on Sunday the rand was trading at 17.91… Continued

Johannesburg – A massive plummet in the rand/dollar exchange rate on Sunday night is a harbinger of terrible things to come, economists say. ”We are in a bit of a currency crisis right now,“ economist Mike Schussler told The Star on Monday morning. At around midnight, the rand was trading at 17.91 to the dollar,… Continued

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