As from today, Johannesburg residents will pay 7% more for electricity.<\/p>\n
Ten other municipalities, including Cape Town, asked National Energy Regulator of SA (Nersa) for increases ranging between 7.63% and 12.11%.<\/p>\n
Cape Town’s proposed 7.63% electricity increase would compensate for a fall in its energy sales but additional funds would be needed for the implementation of the city’s new electrification programme.<\/p>\n
The price increases are intended to protect revenue, cover high distribution losses, fund a smart metering pilot project, and contribute to costs of electricity infrastructure maintenance and improvement.<\/p>\n
The power price increases are part of a slew of other hikes .<\/p>\n
Tomorrow the price of petrol will increase by 20c\/l , bringing the cost of petrol to a near record high of R14.30\/l. The price of diesel will increase by 13c \/l to R12.90\/l.<\/p>\n
Gautrain and Metrorail users are to be hit with fare increases.<\/p>\n
Metrorail one-way tickets will go up by 50c today; return tickets by R1. The cost of a weekly ticket will increase by between R3 and R7 and monthly tickets will increase by between R7 and R30.<\/p>\n
Dawie Roodt, an independent economist with the Efficient Group, said more petrol-price hikes can be expected in the next few months as the rand is expected to depreciate further and the price of crude oil is poised to rise.<\/p>\n
The writing is on the wall for many middle-class families who have only recently escaped from dire poverty. Many will be pushed back into poverty.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Many middle-class families will be pushed back into poverty<\/p>\n","protected":false},"author":2961,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[9343,1876,2655,5099,1670,9342],"class_list":["post-14501","post","type-post","status-publish","format-standard","hentry","category-news","category-south-africa","tag-electricity-hikes","tag-middle-class","tag-nersa","tag-petrol-price","tag-poverty","tag-price-hikes"],"cc_featured_image_caption":{"caption_text":false,"source_text":false,"source_url":false},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/14501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/users\/2961"}],"replies":[{"embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14501"}],"version-history":[{"count":1,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/14501\/revisions"}],"predecessor-version":[{"id":14502,"href":"https:\/\/praag.org\/index.php?rest_route=\/wp\/v2\/posts\/14501\/revisions\/14502"}],"wp:attachment":[{"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/praag.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}