FUEL: Price increase to affect the poor most Already cash strapped consumers will have to dig deeper into their pockets as petrol, diesel and illuminating paraffin are set to increase by 74c, 91c – 93c and 76c respectively at midnight tonight. This, coupled with the carbon tax (9c a litre from June 1) and other… Continued
More belt-tightening for consumers Already cash-strapped consumers will have to dig deeper into their pockets as petrol, diesel and illuminating paraffin are set to increase by 75c, 93c and 76c respectively at midnight. This, coupled with the carbon tax (9c a litre), which comes into effect on June 1, is expected to add another 30c… Continued
MORE steep petrol prices could be in store for motorists next month, while road users woke up to record-breaking fuel prices today. This was the view of experts yesterday when they predicted a further 25¢hike next month. Efficient Group economist Dawie Roodt predicted a 25¢ increase for August, adding that this could be greater if the… Continued
3 REDIT cards and store cards have their conveniences. They enable you to buy items upfront that you can pay for all in one go at the end of the month. If this is how you are using such cards, a pat on the back for your financial discipline. The trouble sets in when you… Continued
STAFF REPORTER A RAPIDLY growing number of South Africans are getting into financial trouble by “investing” in cryptocurrencies such as Bitcoin and Ripple. Neil Roets, the chief executive of debt counselling company Debt Rescue, says he was amazed when people driven to the brink of bankruptcy because they had bought into get-rich-quick schemes involving cryptocurrencies… Continued
South Africans have been warned to brace themselves for tough times in the new year. Debt Rescue chief executive Neil Roets has cautioned consumers to enjoy the festive season responsibly and not get in debt. He said major price increases are predicted for food and essential items due to the slow economic growth rate. Roets… Continued
THE LATEST fuelprice hikes will have a big impact on over- indebted consumers, who are advised to budget, plan trips and use public transport if possible, say experts. After a smaller fuelprice increase last month, motorists will pay 45c a litre more for petrol and 63c more for diesel from midnight tonight. Avhapfani Tshifularo, the… Continued
FROM MIDNIGHT tonight, consumers will pay more for fuel and should brace themselves for further increases, including in meat prices, by the end of the year, experts say. The price of petrol will increase by 44 cents a litre and diesel by 22 cents. Gwarega Mangozhe, the chief executive of the Consumer Goods Council of… Continued
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 aspects of the enforcement of garnishee orders were unconstitutional. Various… Continued
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 and 86c a litre, respectively Diesel 0.05 percent and 0.005 percent would… Continued
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