If you're celebrating that we're almost through winter and had no load-shedding, I have some bad news for you.
You and I might have had an “uninterrupted” power supply this winter but it's going to cost our pockets, big time!
According to an article in the City Press newspaper this weekend, “The economy is set for a shock from the combined blows of Eskom's move to hike the cost of tw... ››› more
From tomorrow, the cost of living is going to start to climb.
At midnight tonight, the price at the pumps is rising sharply. Some electricity customers will also be coughing up significantly more for power.
And more price hikes are due to filter through over the next few months.
Let's take a closer look at what's going on and what impact it could have on South Africa's ailing economy…
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It doesn't look like there's any respite in store for South African motorists. Earlier today, the Automobile Association (AA) said it expects another hike at the beginning of next month.
This follows another hefty hike two weeks ago.
So how much more can you expect to pay at the pumps? And why is the price of fuel becoming more expensive?
Let's take a closer look at what's going on…
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Many are applauding Finance Minister Pravin Gordhan's Budget Speech, but there's one area that's been met with grumbles across the board: The petrol price. The high oil price and the weaker rand have contributed to the higher cost of fuel, which is why further petrol price hikes are expected. But all is not lost if you incorporate this news into your investment strategy…
Finance Minister Prav... ››› more
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