Economy

June Comes with Massive Petrol Increase

Reports from the Central Energy Fund intel that petrol and diesel prices will see an increases in the first week of June. The new levy for petrol from is expected to increase R2.35 to R3.85 per litre. The levy on diesel will be hiked from R2.20 to R3.70 per litre and illuminating paraffin is expected to […]

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Economy News

R350 SRD grant to be paid out at supermarkets

According to the reports, All South African post office branches will no longer pay out the R350 social relief grant and recipients are instructed to reapply as the new round of applications has opened whereby beneficiaries are given options to choose from as to where they prefer to receive their SRD grant from, choosing from […]

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Economy News

SASSA | New Rules and Payment Dates

“The South African Social Security Agency (Sassa) is still in the process of paying out the Social Relief of Distress (SRD) grant.” The agency (sassa) have in the recent announced the reintroduction of the SRD R350 grant, which follows with new payment rules for beneficiaries. The new rules relate to the amount of the SRD grant as […]

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Economy News

Sasria won’t be able cover the cost of more unrest

Sasria warned in their presentation yesterday, to parliament, that they can’t afford to cover the country’s businesses if there is a repeat of last year’s civil unrest. This follows the loss they faced last year due to the unrest. Sasria is a short-term insurer that is state-owned, it provides cover to all people and businesses […]

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Business Economy

From Essential Goods to Unnecessary Grocery Items

Imagine chipping out R100 for an essential grocery item. Due to the sudden and constant increase in oil prices, which led to petrol hike and now cooking oil escalates. Your chef days are over, using cooking oil sparingly is the new norm. Every week, people are shocked by the sudden increase of cooking oil in […]

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