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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Johannesburg - As part of its plans to mitigate
the impact of price increases on the poor, South African power utility Eskom
said on Tuesday that it has proposed increasing the free basic electricity
allocation from 50kWh to 70kWh.
This means that consumers using only 70kWh or less would not have to
pay for their power.
Revealing the details of its multi-year price determination for the year
to 2012/13, Eskom said the average low-income customer's consumption was
80kWh.
Eskom has recommended that incremental costs be funded through a cross-
subsidy from within the industry.
Eskom has asked the National Energy Regulator of South Africa (Nersa)
for either a 146% price hike next year, with 12% increases over each of the
two years that follow, or a 45% increase every year for the next three years
starting next year.
The power utility has recommended the phased approach since it believes
it would have a less severe impact on customers and the economy.
- I-Net Bridge