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 […]
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 Yogashen Pillay DURBAN – DEBT Rescue SA and economists warn the latest interest rate hike by the South African Reserve Bank (Sarb) will put more strain on the already struggling South African consumer. Last week, Sarb governor Lesetja Kganyago announced the repo rate would be increased by 50 basis points to 4.75%. Neil Roets, […]
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 […]
By Philippa Larkin A STAGGERING 88 percent of South Africans can no longer afford basic goods and services in the face of ever-rising living costs, the latest survey conducted by Debt Rescue, released this week, found. This as Finance Minister Enoch Godongwana delivers his Budget today, walking the ever fraught tightrope of guiding South Africa’s growth […]
By Neil Roets AS WE head towards the National Budget Speech on February 23 , all eyes are on government to find a way to lower petrol prices, and perhaps even more importantly, to delineate how they will review how the latest petrol price was calculated. With the price of petrol confirmed by The Department […]
By Yogashen Pillay DURBAN – While the prices of fuel will be slightly cheaper from today, calls have been made for the government to urgently look into the fuel price model. The Department of Mineral Resources and Energy said fuel prices will decrease across the board today: 93 unleaded petrol (ULP) and leadreplacement petrol (LRP) petrol, […]
By Gcwalisile Khanyile DURBAN – A recent study by Debt Rescue, a South African debt counselling company, has revealed that 73% of South Africans will not have enough money to carry themselves into the new year. According to Debt Rescue’s latest Quarterly Survey which polled over 1 200 South Africans, this is due to the festive […]
Durban – Considering the average car’s tank is about 50 litres, it will now cost motorists R1 000 to fill up, a sharp increase from the approximately R750 it cost to do the same in January of this year, when the petrol price was R14.99 a litre. The price of petrol, diesel and paraffin has […]
By Se-Anne Rall Durban – It seems people shoving each other to get their hands on Black Friday specials is now a thing of the past. Social media users said most malls were quiet, and they were able to dash in and out for a bit of usual grocery items without hassle. It appears that many […]
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