Living in South Africa just got more expensive

[BusinessTech]

Living in South Africa just got more expensive

Winter is about to feel that little bit colder as households across the country will have to pay more for rates and services from Friday, 1 July, 2016.

 

[Binary_Bark]

Rates – 6%
Electricity – 6.9%
Water and sewerage – 13.2%
Waste removal services tariffs will increase by 6% and 7.25% for businesses.

There goes the food prices, fuel, etc.
Because of the lack of any proper governance, the tax payers will
just have to suffer that much more,

 

[DanDango]

 

[Borrels]

Electricity – 6.9%

After NERSA granted a 9.4% increase? I find that hard to believe.

 

[TheChamp]

After NERSA granted a 9.4% increase? I find that hard to believe.

NERSA deals with ESKOM, this is a municipal increase.

 

[Slootvreter]

Fck, everything goes up, never to ever come down again. P03s.

 

[requiem]

NERSA deals with ESKOM, this is a municipal increase.

so does that mean the electricity price is (eskom price * 1.094) * 1.069)

Jesus.

Time for a coup

 

[Badprop_za]

Fck, everything goes up, never to ever come down again. P03s.

Salaries is always struggling behind........

 

[f2wohf]

so does that mean the electricity price is (eskom price * 1.094) * 1.069)

Jesus.

Time for a coup

It's the opposite, Eskom has its own increase, the municipalities absorb some of that increase by lowering their profit margin making in the end an increase of 6.9% for the consumer vs 9.4% for the municipality.