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 […]

ECIC/Cape Chamber Exporter of the Year Finalists Announced

The ECIC/Cape Chamber of Commerce Western Cape Exporter of the Year competition, now in its 25th year, is to be celebrated with a gala event on the 5th November at the Kenilworth Racecourse. It will be sponsored by Export Credit Insurance Corporation. There have been notable winners in the past, who have had spectacular success […]