With residential electricity tariffs increasing annually, South Africans are encouraged to find ways to reduce their household energy consumption, especially considering the fact that households with higher consumption levels are charged more for the units of electricity that they use. Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, says that a growing number of property buyers are looking to buy homes that offer green elements to reduce their household energy … [Read more...] about Green elements reduce cost and increase value
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Eskom asks Nersa for R22.8bn at tariff hike hearings
Eskom on Monday submitted an RCA application of R22.8bn to the National Energy Regulator of SA (Nersa). The so-called Regulatory Clearing Account application relates only to the 2013/2014 financial year and Eskom indicated that an application regarding the 2014/2015 financial year will come at a later stage. The RCA application is for cost recovery and revenue adjustments based on actual past variances and not a revenue application based on future estimates, Anoj Singh, Eskom's chief … [Read more...] about Eskom asks Nersa for R22.8bn at tariff hike hearings
4 Reasons why 2016 is shaping up to be “perfect financial storm”
Several forces are creating the "perfect financial storm" to lead many more South Africans towards cash flow shortages in 2016, Debtbusters CEO Ian Wason said on Monday. Debtbusters has recorded a 113% increase in enquiries about debt counselling so far in December, compared to last year. Wason is predicting the situation is only going to get worse. He points out four key reasons why the debt stress of cash-strapped consumers will increase even more. 1. Increasing tax burden Wason … [Read more...] about 4 Reasons why 2016 is shaping up to be “perfect financial storm”
Fill up on Tuesday
The Department of Energy has attributed this week’s petrol price increase to higher international prices for oil and the weakening of the rand against the US dollar. Other reasons, the department said was the steep rise in fuel levies and the Road Accident Fund levy of 80.5c per litre, that was determined by Finance Minister Nhlanhla Nene during his Budget Speech in February. “There is no need to panic at this stage. Crude oil price fluctuations are not expected to be excessive if major … [Read more...] about Fill up on Tuesday
Wage increase for wholesale, retail workers
Workers in the wholesale and retail sector are now entitled to minimum wage increases that vary between 6.1% and 8.1% in various job categories. The increase is effective from 1 February 2015. The new minimum wage will be applicable until 31 January 2016. Labour Minister Mildred Oliphant has approved the new minimum wage for the sector in terms of the sectoral determination governed by the Basic Conditions of Employment Act, which makes provision for setting of minimum wages. Various … [Read more...] about Wage increase for wholesale, retail workers
Your April petrol price increase
The price of a litre of 93 octane petrol will increase by 5 cents a litre while that of 95 octane petrol will increase by 7 cents a litre in Gauteng next Wednesday, the Energy Department has announced. The department on Friday said motorists in Gauteng will see an 8.8 cents a litre decrease in the price of Diesel (0.05% Sulphur) and a 7.8 cents decrease in the cost of Diesel (0.005% Sulphur) per litre. The difference in pricing for 93 octane and 95 octane were informed by the cost of … [Read more...] about Your April petrol price increase
Telkom announces tariff hikes
Telkom has set its increase on basic voice and data connectivity services at an overall 1.3%, below the Consumer Price Index, which is currently at 5.6% The telecommunications operator is, however, leaving broadband subscription fees unchanged. The tariffs will be applicable as of 1 August 2013. The adjustments also see a decrease in the tariffs for outgoing fixed to mobile calls of 3.1% to R1.30 (Incl VAT) per minute during peak time and by 2.7% to R1.05 (Incl VAT) per minute during … [Read more...] about Telkom announces tariff hikes
Chamber opposes Eskom tariff increase
The Nelson Mandela Bay Business Chamber's presentation to NERSA (National Energy Regulator of South Africa) at today's public hearing in Port Elizabeth was cut short this morning by chanting and songs of support by local representatives of COSATU, echoing general sentiments against the proposed electricity price increase. The Business Chamber, however, managed to convey successfully the bulk of its concerns regarding Eskom's proposed 16% increase in electricity tariffs every year for the next … [Read more...] about Chamber opposes Eskom tariff increase
Eskom tariff request a necessity
Eskom's request for a 16% tariff increase from the National Energy Regulator of SA (Nersa) was a necessity, said Public Enterprises Minister Malusi Gigaba on Tuesday. Addressing a New Age / SABC breakfast briefing, Gigaba said although the power parastatal wished it could have kept its request to a single-digit figure, the double-digit tariff hike request was necessitated by the tough conditions prevailing in the economy. "The economic situation is biting, but we must balance that with … [Read more...] about Eskom tariff request a necessity
Petrol price up on Wednesday
The petrol price among all grades of petrol is to rise by between 21 and 23 cents in October, the Energy Department said on Friday. A litre of 93 ULP is set to increase by 21 cents while that of 95 ULP will rise by 23 cents. A litre of both Diesel 0.05% Sulphur is set to increase by 39 cents while that of Diesel 0.005% Sulphur will go up by 40 cents. Illuminating paraffin wholesale will increase by 33 cents and Illuminating Paraffin (Single Maximum National Retail price) is to … [Read more...] about Petrol price up on Wednesday
Petrol and Diesel Prices to Increase
The petrol price will rise by 93 cents next week, said the Energy Department on Friday. A litre of 95 ULP will now cost R11.97 in Gauteng while it will cost R11.62 at the coast as of next Wednesday. A litre of both Diesel 0.05% Sulphur and Diesel 0.005% Sulphur will increase by 69cents per litre. Illuminating paraffin wholesale will increase by 73 cents and Illuminating Paraffin (Single Maximum National Retail price) is to increase by 97 cents. "During the period under review, the … [Read more...] about Petrol and Diesel Prices to Increase
Massive Petrol Price Increase
Global events have led to the substantial 71 cents a litre increase in the price of petrol, the Energy Department said today. This comes as the department announced that a litre of 95 ULP will rise by 71 cents in Gauteng and 66 cents at the coast, while that of diesel (0.05% sulphur) will rise by 47.6 cents at the coast and 51.9 cents in Gauteng. In Gauteng, a litre of petrol will now cost R11.66. The price of illuminating paraffin (wholesale) is set to increase by 20.6 cents at the … [Read more...] about Massive Petrol Price Increase
Rattling Rand Rattles Petrol Price
Motorists will have to dig even deeper into their pockets on Wednesday next week as the petrol price is set to rise by between 36 and 37 cents a litre. The price of 93 ULP will rise by 37 cents while that of 95 ULP will increase by 36 cents a litre, the Energy Department said on Friday. A litre of Diesel 0.05% Sulphur is also set to increase by 35 cents and that of Diesel 0.005% Sulphur will rise by 37 cents. The wholesale price of illuminating paraffin is set to increase by 30 cents … [Read more...] about Rattling Rand Rattles Petrol Price
Fuel to Increase by a Whopping 54 cents
Petrol prices are set to hit motorists hard when they increase by 54 cents a litre next Wednesday. As of 6 April, all grades of petrol will increase by 54 cents, while the diesel price will rise by between 69.4 cents and 70.4 cents a litre. April’s increases follows the 43 cents a litre increase last month. The wholesale price of illuminating paraffin is to increase by 48.6 cents and the single maximum national retail price for illuminating paraffin will increase by 59 cents. The … [Read more...] about Fuel to Increase by a Whopping 54 cents
You Will Pay More for Fuel in February
Motorists will be disappointed to learn that a litre of petrol will rise by 26 cents across all grades next Wednesday. The Energy Department announced on Friday that motorists will have to dig deeper into their pockets when the petrol price rises to R8.99 a litre in Gauteng and R8.75 in the coast. The wholesale price of diesel with 0.05 percent sulphur content will rise by 30 cents per litre, while diesel with 0.005 percent sulphur content would increase in price by 32 cents a … [Read more...] about You Will Pay More for Fuel in February
