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Financial News

The City of Johannesburg Council recently approved their new budget for the 2024/25 financial year.

The bad news is that the budget includes a new R230 surcharge for regular prepaid electricity users. This means more money paid before any electricity is even consumed.

And don’t forget that there is also a looming 17.9% tariff hike for many this year as well (maybe NERSA will limit some of these increases but we can be sure that price hikes are coming).