South Africans should prepare themselves for the biggest price hike in the cost of red meat later this year as inflation and the drought take their toll, warn experts. Although red meat prices are stable at the moment, consumers should prepare for double-digit price hikes by trying to pay off debt as the increase will… Continued
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Fuel and electricity price increases may drive country into recession, according to economist, Dawie Roodt. The R1.62 a litre increase in the price of 95 octane fuel together with the 14.25% increase in electricity tariffs for municipal users could drive South Africa into a full-blown recession. Roodt said this was the largest fuel increase in… Continued
BUSINESS NEWS – The expected price increase in the price of petrol by around 80 cents a litre as well as a substantial increase in the cost of electricity is going to hit the consumer like a ton of bricks. Independent economist Dawie Roodt said the fuel price increase was largely due to the weakening… Continued
BUSINESS NEWS – The record drop in the price of all grades of fuel and diesel will give deeply indebted consumers an opportunity to reduce their debt load and start saving for a rainy day. The largest petrol price drop yet scheduled for Wednesday will see 95 octane petrol drop by R1.23 a litre while… Continued
Consumer debt will remain high despite the upcoming drop in fuel prices, a debt counsellor said on Monday. “The drop in the retail price of petrol of 45 cents a litre on Wednesday will bring welcome relief to deeply indebted South Africans, but the overall indebtedness of consumers remains a problem,” Debt Rescue CEO Neil… Continued
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