Proposed scrap regulations to curb copper theft and create record of transactions

The Cape Chamber of Commerce and Industry has welcomed new government plans to curb the export of scrap metal which could be better used in South Africa to help manufacturing industries and create jobs. In terms of the proposed new regulations, there will be a ban on cash payments for scrap and all scrap metal […]

Eskom tariff increase could worsen their financial situation

In a presentation to the National Energy Regulator, Mr Sid Peimer, Executive Director of the Chamber, said tariff increases would make more Eskom customers decide to turn to solar power and this would erode Eskom’s customer base. “This is not a prediction. It is happening and at an increasing rate because it makes commercial sense. […]

Consumer Price Index – June 2015

Consumer price index (CPI) June 2015: 4,7% The headline CPI (for all urban areas) annual inflation rate in June 2015 was 4,7%. This rate was 0,1 of a percentage point higher than the corresponding annual rate of 4,6% in May 2015. On average, prices increased by 0,4% between May 2015 and June 2015. The provinces […]

Medium-term budget does not work

We have seen South Africa’s financial future in yesterday’s Medium-term budget and the bad news is that it does not work. The picture revealed is one of rising costs, especially for the Public Service, increasing debt and continuing losses on virtually all the State-owned enterprises. This leaves us to ask where the money will come […]