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South Africans could pay more for electricity if Eskom has its way. South Africa’s average electricity price is R2.558 per kWh according to some sources. To put it into context, an energy-efficient refrigerators use about 300-400 kilowatt-hours per year. It means you would need R1 000 to have fridge switched on for a full year.Continue reading “The Week 5 That Was : Electricity Price”

This misconception isn’t helped by the fact that many people believe that formal savings products aren’t meant for them, but are for wealthy individuals who have a high level of financial literacy The failure by many people to understand these differences has led to a widespread misconception that when they put their money into aContinue reading “Why are South Africans not Saving”

South African Reserve Bank’s monetary policy committee (MPC) has increased the repo rate by 25 basis points to 4%, which brings the prime lending rate of banks to 7.5%. This means that you will pay 0.025% more on your debt. Simply you’ll be paying R7,50 for every 1 Rand you borrow. You will be payingContinue reading “The Week 4 That Was : Repo Rate”

Parliament building, was on fire and the true costs still to be determined. South Africa got a glimpse of the state capture report with damning revelations. Of particular was Dudu Myeni, the chair under whose watch SAA was laid. The report further named Tom Moyane, The destruction of the country’s tax agency. Bain was centralContinue reading “The Week 2 That Was”

Parliament building, was on fire and the true costs still to be determined. South Africa got a glimpse of the state capture report with damning revelations. Of particular was Dudu Myeni, the chair under whose watch SAA was laid. The report further named Tom Moyane, The destruction of the country’s tax agency. Bain was centralContinue reading “The Week 2 that was”

South Africans could see a drop in fuel partly due to Rand and Dollar exchange. At 5.50pm on Monday the rand had gained 0.6% to R15.8957/$, 1.28% to R17.9512/€ and 1.11% to R21.3727/£. The euro fell 0.64% to $1.1292. The siphoning off of money from state-owned enterprises (SOEs) to fund The New Age newspaper wasContinue reading “The Week 1 That Was”

South Africa has experienced excess death of 286 k(2021), 201k (2020) and 85k (2019). Excess deaths are number of death more than normal. One can infer that these are COVID19 related deaths. It could be that we have normalize over the coming years, as COVID19 settles into its fate as an endemic disease, like uContinue reading “COVID19 Reflections”

Few observers understood just how little legitimacy the USSR system possessed. It was eaten away on the inside by the rot of corruption. It disintegrated along the ethnic boundaries of its 15 republics. It was ultimately elite defection that brought it down — that, and its lack of overall legitimacy. Gorbachev’s economic reforms ruined theContinue reading “The USSR and Russia’s future”

Nigeria is the largest economy of Africa @ $423B followed by Egypt @ $364b and SA @ $301.9B. China’s Xi Jingping, 68, likely to secure a third term.