load shedding

Get the low-down on load shedding in South Africa and how it will impact on you as a consumer.

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

Get Thee to a Debt Counsellor Today!

If you’re stuck in a debt spiral like South Africa’s 11+ million indebted consumers, maybe it’s time to join the  rapidly growing 14,000+ in-the-know individuals applying for debt review with a professional debt counsellor monthly in South Africa, according to DCASA.

These figures are set to increase, which is very heartening to observe, considering that 18 months ago, only 8,700 people were consulting a debt counsellor to apply for debt review per month.  This rising trend in responsible consumer behaviour certainly proves that the National Credit Act and its new amendments are eliciting the desired positive change, as intended by the National Credit Regulator. 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