Eskom's 20-fold price hike in 31 years

[Hanno Labuschagne]

Eskom's 20-fold price hike in 31 years

From next month, South Africa's electricity tariffs will have increased by nearly 2,000% since the country became a democracy.

While the cost of certain goods and services would have increased gradually over time due to inflation, Eskom's hikes over this period far exceed that figure.

 

[Lupus]

Just like anything the ANC touches, they should've dropped out ages ago

 

[Tomtomtom]

There's more to be said about our electricity prices pre-1994 and how Eskom was financing new builds 1994-2008. Oh wait, they weren't. Perhaps not entirely a coincidence.

We're still just in the middle of the pack internationally. We're higher in PPP terms, but it's a tricky one to normalise given the price is just a guideline. If you're poor in SA you get it for free one way or another.

 

[FiestaST]

2,000% electricity price pain in South Africa

Kinda tempted to pop in my panado snip

 

[Bliksis]

Kinda tempted to pop in my panado snip

It's a Hanno headline

 

[Bad Ballie]

ANC slow boiling the earning public just like they said they would.

 

[Bliksis]

ANC slow boiling the earning public just like they said they would.

It's not even slow boiling anymore. I'd say spitbraai.

 

[RaptorSA]

I still see some room on the table for cadre growth.
You can do it!!

 

[TelkomUseless]

Piggies have to eat.

Thanks ANC voters !

 

[Lupus]

I still see some room on the table for cadre growth.
You can do it!!

View attachment 1807052

Please show me anything that has increased with inflation??

 

[LCBXX]

I hear Apartheid ended so that the everyone can have access to previously privileged things.

Only to have it become unaffordable.

 

[Bliksis]

Please show me anything that has increased with inflation??

Internet? I don't even know.

 

[RaptorSA]

Please show me anything that has increased with inflation??

I have no bloody clue.
Bread? Two minute noodles? Those cheap old Chappies you find at a petrol station buried under a layer of dust?
Not even my blood pressure has increased with inflation.

EDIT:
In other news, I see what I owe the SABC has finally started increasing again after their numbers were stagnant for years, I might actually reach the 10K mark.
I wonder if there's any other MyBB member that can compete?



Apparently it's outsatnding....
Outsaddening?
F**k knows, they don't make debt collectors like they used to.

 

[Lupus]

I have no bloody clue.
Bread? Two minute noodles? Those cheap old Chappies you find at a petrol station buried under a layer of dust?
Not even my blood pressure has increased with inflation.

EDIT:
In other news, I see what I owe the SABC has finally started increasing again after their numbers were stagnant for years, I might actually reach the 10K mark.
I wonder if there's any other MyBB member that can compete?

View attachment 1807078

Apparently it's outsatnding....
Outsaddening?
F**k knows, they don't make debt collectors like they used to.

Exactly inflation in SA is meaningless.

 

[Bliksis]

Exactly inflation in SA is meaningless.

It's a low number used to determine your salary increase.

 

[RaptorSA]

Exactly inflation in SA is meaningless.

It's a low number used to determine your salary increase.

The only big financial expense in SA I can think of that's way better than most places in the developed world these days is the value of properties in most places. We haven't gone down that ridiculous road of property being some insane asset that locks the next generation completely out of the market.

It's actually pretty affordable for the most part. It's also one of the main reasons I don't want to go overseas. Starting from basically scratch in your 40's with useless Rands in your pocket and being a renter for the rest of your life is a bit of a k@k deal.

That said, we're paying in blood for that privilege so yeah, I don't know anymore.

 

[Bliksis]

The only big financial expense in SA I can think of that's way better than most places in the developed world these days is the value of properties in most places.
It's actually pretty affordable for the most part. It's also one of the main reasons I don't want to go overseas. Starting from basically scratch in your 40's with useless Rands in your pocket and being a renter for the rest if your life is a bit of a k@k deal.

That said, we're paying in blood for that privilege so it's yeah, I don't know anymore.

Yeah, we grow up with the idea to get into the property market as soon as you can. It doesn't appear to be that way in Europe and Asia.

Many many people rent, for 20-30 years at a time. It's a mind shift perhaps.

Disclaimer: I have no proof of this, it's my own conclusion/opinion

 

[Jackal65]

Sorry photoshop is to expensive...

 

[HAL 9000]

It's not even slow boiling anymore. I'd say spitbraai.

Bad times for braai lovers in South Africa

Bad times for braai lovers in South Africa The South African Braai Index shows that costs are rising for the country's favourite pastime—and things might get worse for meat as Easter approaches.

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