‘Budget carefully to deal with fuel hike impact’
THE LATEST fuel hike will have a big impact on over-indebted consumers who are advised to budget, plan trips and use public transport if possible to save, say experts.
Motorists will pay 45c a litre more for petrol and 63c more for diesel …Read More
Consumer crunch as fuel cost goes up triggering other price hikes
FROM midnight tonight, consumers will pay more for fuel and should brace themselves for further increases including that of meat prices by year-end, say experts.
The price of petrol will increase by 44c a litre and diesel by 22c.
Gwarega Mangozhe, chief executive at …Read More
Ruling on garnishee orders to cut lending
Judgment to benefit the poor
Siseko Njobeni
THE CONSTITUTIONAL Court judgment on garnishee orders was likely to reduce the risk appetite of lenders and could see “risky” individuals struggle to obtain finance, Fincheck chief executive, Michael Bowren said yesterday
On Tuesday the court ruled that …Read More
Fuel and electricity hikes add to gloom
TOUGH times lie ahead for hard-pressed South African consumers as fuel and electricity prices kick in this month.
The Department of Energy on Friday announced increases in fuel prices, with effect from Wednesday. Petrol 95 and 93 will rise by 88c a litre …Read More
Reaction is pointing to a balanced Budget
Government revenues will, however, continue to remain vulnerable to a further deterioration in economic conditions
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 …Read More
Interest rate hike dents new car and house sales
NEW VEHICLE and house sales, the two big ticket items of households, are set to be dented by the latest hike in interest rates and expected further rates increases this year.
Azar Jammine, the chief economist at Econometrix, said on Friday that the …Read More
Diesel set to drop the most on Wednesday
The price of most fuels is set to fall on Wednesday, due to the drop in the international prices of petroleum products overweighing the weakening of the rand against the US dollar.
The wholesale price of diesel, 0.05 percent sulphur and 0.005 …Read More
Interest rate hike a dire blow for poor – experts
THE Reserve Bank’s latest rate hike of 25 basis points will leave consumers with less jingle in their pockets this festive season, say experts.
The bank announced yesterday that interest rates would increase 25 basis points, bringing the repo rate to 6.25% and …Read More
Electricity cost, expected rate hike will hit hard
THE rise in electricity tariffs and an almost certain rate hike by the Reserve Bank later in the year were going to have a devastating impact on consumers, the chief executive of Debt Rescue, Neil Roets, said yesterday
“The present combination of economic …Read More