consumers

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Fuel price set to drop in September

By Rachel Mohamed The Automobile Association has reported that based on unaudited mid-month data from the Central Energy Fund (CEF), petrol, diesel, and illuminating paraffin will be cheaper in September than at any other time this year. Speaking on VOC’s News Beat show on Tuesday, Automobile Association spokesperson Eleanor Mavimbela stated that two factors come into play when talking about the over-recovery that will result in a decrease in fuel […]

today23 August 2024

Local

South Africans concerned as household affordability continues to break the bank

By Kouthar Sambo Food price volatility has not settled, and South Africans are concerned as the cost of living is breaking the banks. But what are the financial implications for residents? Speaking on VOC's breakfast show on Thursday morning, Programme Coordinator at the Pietermaritzburg Economic Justice & Dignity Group Mervyn Abrahams described the financial situation. “In the last month, we saw a slight decline in the cost of our basket […]

today27 July 2023

Local

More woes for consumers as interest rate hike expected

As the country waits for the Reserve Bank to announce the next interest rate hike Thursday afternoon, middle-class South Africans may feel an extra pinch on their already-thin wallets. Currently, the repurchase rate sits at 7.75% while the prime lending rate is at 11.25%. The Reserve Bank has increased rates by 425 basis points since November 2021. This would be the tenth interest hike since November 2021. Economists say the […]

today25 May 2023

News

Petrol price hike leaves consumers in a panic

By: Aneeqa du Plessis Alas, after just a few brief months of reprieve, motorists have been hit with an increase in fuel prices. This comes after the Department of Mineral Resources and Energy announced that both grades of petrol has increased by 28-cents a litre, diesel by nine-cents a litre, and the price of illuminating paraffin has gone up by 58-cents. Speaking on VOC’s Breakfast show on Wednesday morning, Automobile […]

today1 February 2023

Local

Electricity price is top consumer stress point in SA, global survey shows

LOCAL Consumers’ ability to pay their energy bills is a top concern in emerging markets, particularly for 79% of South Africans and 73% of Indians, an Ipsos survey shows. This is followed by Turkey (71%), Argentina (70%) and Chile (69%). Among established economies, concern about energy bills is highest in Britain, where 67% are worried about their ability to pay utility bills. Ipsos said three-quarters of the public in 28 […]

today3 August 2022

Local

Easter spending up as consumers return to stores

Consumers spent enthusiastically this Easter, according to the latest data from Standard Bank’s Card Division — in line with spending in 2019 but a stark contrast from 2020 spending over the same period. Card transaction volumes for Standard Bank card customers over the Easter holidays was up three-fold year on year from 2020 and the value of transactions, the amount of money spent over Easter, was up four times year […]

today8 April 2021

News

Food prices are rising as we approach the festive season

The tough economic climate that many South Africans find themselves submerged in amid the 2020 pandemic will not be easier this festive season. This is according to new data which revealed that the price of basic goods could increase during the festive season. The financial impact was felt across the globe as government-imposed lockdown restrictions stifled movement and saw businesses incurring added sanitizing and labour expenses, being driven into debt […]

today1 December 2020

Local

Western Cape urges shoppers to follow COVID-19 protocols on Black Friday

The Western Cape Department of Local Government has called on shoppers to follow COVID-19 safety protocols during Black Friday today. Local Government Ministry spokesperson James-Brent Styan has urged residents to avoid crowding in small enclosed spaces. He says large gatherings of people where regulations are not followed, will increase the risk of spreading the coronavirus. “The Western Cape Disaster Management Centre is concerned about the potential impact of the Black […]

today27 November 2020

Local

Eskom judgement to have negative impact on consumers

Energy analyst Chris Yelland says the judgment by the High Court in Johannesburg regarding Eskom, will have an immensely negative impact on consumers and businesses. Electricity tariffs are set to increase at no less than 15% from 2021, after Eskom won a court battle against the National Energy Regulator of South Africa (Nersa) over a R69 billion equity injection. The High Court declared that Nersa’s decision to deduct the equity […]

today29 July 2020

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