R2 trillion investment needed in electricity sector: ECSA

Electricity pylons. 1 minute Energy Council of South Africa (ECSA) says the country needs to invest R2 trillion in the electricity sector over the next decade. ECSA was briefing Parliament’s Electricity and Energy committee. ECSA and the Independent Power Producers Office were among the stakeholders that updated the Committee on the progress made on the…

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Wonga survey shows rising credit use amid cost-of-living squeeze

A new credit utilisation survey has shown a growing dependency as consumers buckle under the pressure of the higher cost of living. This is contained in payday lender Wonga’s survey, where 85% of the 12 000 respondents actively use credit. The drivers behind this borrowing paint a complex picture of vulnerability, resilience and untapped economic potential….

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EFF’s Nkululeko Dunga sworn in as Gauteng Finance MEC

The EFF Gauteng Provincial Chairperson Nkululeko Dunga welcoming fighters outside the Constitutional Court during our release Phala Phala Judgement March. Economic Freedom Fighters (EFF) Gauteng Chairperson Nkululeko Dunga has been sworn in as the new Finance MEC. Gauteng Deputy High Court Judge President Aubrey Ledwaba presided over the swearing-in ceremony in Johannesburg. Dunga takes over…

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