Eskom gets increase

By Staff Writer

Power tariffs to double by 2011
By Justin Brown

From Busrep.co.za

Local electricity prices will increase as much as two and a half times in the next three years, after the National Energy Regulator of SA (Nersa) yesterday granted Eskom a total tariff increase of 27.5 percent for this year. Eskom had requested a hike that would have doubled energy prices between March 31 this year and April 1 next year.

Justmoney.co.za says:

With the added pressures of the electricity going up, we can expect further interest rate rises. These pressures are going to increase so check your finances out now before you get squeezed. Compare credit cards, bolster your bank accounts, and consolidate your debt. If you are in trouble already consider debt mangement now, before it gets worse.

 

Recent Articles

Featured Which one should you get first: life cover or a retirement annuity?

Financial planning can be a brain-racking process because it means making difficult decisions such as choosing the most suitable products for you. The one challenge faced by those who are financially constrained is which product to choose: life cover or a retirement annuity (RA).

Read more

Should you save or invest your money?

While saving means putting away cash for future use, investment involves purchasing assets which will yield good returns in the future.

Read more

Retirement annuities compared – pick the one for you

When selecting an RA you must know the type of annuity you are investing in. Retirement annuities are divided into two categories: traditional and new generation annuities.

Read more

Recent tax changes – how do they affect you?

In January this year, various amendments to the Taxation Laws Amendment Bill and the Tax Administration Act were announced. While some changes will benefit you, others could be to your disadvantage. Justmoney looks at how some of the recent changes will impact you.

Read more

Sign Up

To our weekly newsletter for advice you can bank on

Deals

Save R100 when you buy a tracker at Takealot

Price: R289
When: Daily
Where: Online

Pamper yourself and partner for less at Bakwena Day Spa

Price: From R999
When: Until 31 July
Where: Hartbeespoort

Pay only R35 for the new Nandos Boujee Bowl

Price: R35
When: Daily
Where: Nationwide