Get all the updates on South Africa’s troubled power utility, Eskom and how you will be affected as a consumer.

What is the Consumer Financial Vulnerability Index?

The CFVI is a measure of our perception of our cash flow, buying power and general financial position as consumers, and this perception is continually affected by our changing economic environment.

In South Africa, the CFVI fell from 51.4 in the third quarter of 2014 to 51.2 points in the fourth. Continue reading

Ready Your Finances for Devastating Tariff Hikes

Consumers and businesses across South Africa are holding their breath in fearful anticipation of June 29, 2015, when the National Energy Regulator (Nersa) will announce whether or not it has approved Eskom’s application for a shocking 25.3%. electricity tariff hike.

A debt expert has warned that the approval of this electricity tariff hike will prove catastrophic to indebted consumers and businesses, plunging them into irreversible over-indebtedness and triggering an onslaught of bankruptcies. Continue reading

Eskom to Increase Tariffs to Reclaim Diesel Costs – Load Shedding

The National Energy Regulator of South Africa (Nersa) has approved Eskom’s request to increase the price of electricity.  A decision motivated by the additional costs it suffered from running diesel gas turbines to keep up with the overwhelming demand for power.

95% of the electricity that Eskom generates goes to South Africa. Unsurprisingly, Eskom is really feeling the heat these days as it struggles to meet a daily demand of almost 30 000 megawatts. Continue reading