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Local

Cape Town reminds households to reduce monthly municipal service costs as new tariffs come into effect on Tuesday

The City of Cape Town has announced that new tariffs and rates will take effect on Tuesday. Households are reminded that there are ways to reduce their monthly municipal service costs. During the winter season, electricity usage usually increases due to heating needs, including both space heating and water heating through geysers. Xanthea Limberg, the Mayoral Committee Member for Energy, highlighted that increased electricity usage during winter can result in […]

today30 June 2025

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Local

COCT to reduce rate hikes for properties with greater values

Following public outcry over the City of Cape Town’s (COCT) proposed budget for the upcoming financial year, Mayor Geordin Hill-Lewis says the metro is considering offering greater rate discounts to more pensioners and property owners. Hill-Lewis stated that the City is currently modelling two additional support measures: expanding property rate relief and raising the qualifying income threshold for pensioner rebates beyond the current R22,000 monthly limit. “While the new budget […]

today30 April 2025

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Local

SA unemployment rate records slight decline

Statistics South Africa has released the unemployment rate for the second quarter of 2023, which declined slightly to 32.6% from 32.9% in the first quarter. The number of unemployed people also declined slightly, coming in at 7 921 000. According to an expanded definition of unemployment that includes those discouraged from seeking work, 42.1% of the labour force was without work in the second quarter, compared with 42.4% in the […]

today15 August 2023

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International

Turkey’s housing crisis: New cheap loan scheme sees prices soar further

INTERNATIONAL This week, Turkey’s President Recep Tayyip Erdogan introduced new measures aimed at stimulating the purchase of real estate by offering low interest rates. Mortgage loan interest rates in Turkey currently oscillate annually between 18.5 and 24 percent. The new package, however, offers first-time buyers much cheaper credit, with annual interest rates of 11.88 percent. “Due to sharp increases in raw materials globally and also supply problems, the construction sector […]

today12 May 2022

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News

Bo-Kaap residents demand that govt stop greedy developers and gentrification

By Wardah Wilkinson With a mass street iftaar planned for Friday evening, Bo-Kaap residents have vowed to continue their demonstrations until the government addresses their plight. Scores of Bo-Kaap residents, mainly youth, took to the streets every night this week to draw attention to the problems facing the community. Residents closed off Wale Street between Buitengracht and Rose streets with burning tyres. They are calling on the City of Cape […]

today25 May 2018

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