Clever way housing estates make millions from middle-class South Africans using high electricity prices

[Shaun Jacobs]

Clever way housing estates make millions from middle-class South Africans using high electricity prices

Housing estates in South Africa make millions by buying electricity in bulk and then selling it on to residents with arbitrary surcharges.

 

[EmmanuelGoldstein]

Oh you only caught onto this now.... wow you're late to the party

 

[Bad Ballie]

LOL, profiteering is a well-known South African norm, did anyone expect anything else. You want a sense of security and safety (it doesn't really exist) then you are going to pay a premium for it.

 

[EmmanuelGoldstein]

LOL, profiteering is a well know South African norm, did anyone expect anything else. You want a sense of security and safety (it doesn't really exist) then you are going to pay a premium for it.

Let's not get started on the motor industry... now that's profiteering to the extreme.

 

[SHL]

Clever way housing estates make millions from middle-class South Africans using high electricity prices

Housing estates in South Africa make millions by buying electricity in bulk and then selling it on to residents with arbitrary surcharges.

Clever??? That's extortion

 

[satanboy]

Capitalism

 

[Pegging]

He doesn’t say what the surcharges are and provides no examples.
Maybe if he explained how much more the residents pay it would be helpful.

I suspect he just doesn’t like selling electricity in bulk at lower prices.
He especially wouldn’t like these surcharges going towards solar systems.

 

[Bigjay84]

It's called scamming

 

[EmmanuelGoldstein]

It's called scamming

Yep, it's everywhere, even involving the fetching of wood