How are you coping with the price hikes that are popping up left, right and centre?
Eskom has announced tariff hikes effective from the 1 April.
Electricity prices will be 22.7% more expensive in three years’ time.
On the other hand, the Energy Department announced that the price of 95 octane petrol will increase by R1.31 a litre in inland provinces, while motorists on the coast will have to fork out R1.26 more.
Eusebius McKasier engaged economists on the state of the economy and what the current hikes mean for the ordinary citizen.
We have the lowest savings now in many many years.— Dr Azar Jammine, Chief Economist - Econometrix
The property sector is more depressed now than many years. This is the time to buy property.— Dr Azar Jammine, Chief Economist - Econometrix
Currently, the inflation rate is 4.1 per cent. So the average for the year we think it will be around 5.3 per cent.— Busisiwe Radebe, Economist - Nedbank
@Eusebius From Eskom financial statements as at 30 September 2018:— JBKB (@JBKB2) April 3, 2019
- Total debt securities and borrowings: R 419 billion
- Total cash: R 15 billion
- Total finance costs/interest charges: R 22.8 billion
- Debt maturing in FY2019: R 61 billion https://t.co/ouTgUWPMG8
@Eusebius I doubt it’s true that privatization will automatically push price down due to competition. The bread price fixing is an example.— Aldrin Sampear (@AldrinSampear) April 3, 2019
Listen to the full interview below...
This article first appeared on 702 : How the current price hikes effect you, and what you can do about it