Category: Economy
South Africa's VAT Increase: A Short-Term Fix to Long-Term Challenges?
South Africa plans to increase VAT to 16% by 2026 as a measure to address fiscal deficits, pairing it with zero-rating on essential foods. Critics argue this approach targets revenue over real reform, while the government sees it as essential for growth and service delivery. Opponents claim it is regressive and suggest cutting spending.
Julian Parsons | Mar, 14 2025 Read More
Eskom's Load Shedding Alert Raises Alarm Amidst Tariff Increase Rejection
Eskom has sounded the alarm on the possibility of immediate load shedding due to the denial of a tariff increase, sparking concerns about South Africa's power stability. NERSA's rejection affects Eskom’s financial capacity to maintain and improve infrastructure, heightening the risk of unexpected power cuts. This highlights the persistent challenges in the energy sector and the crucial need for sustainable solutions to maintain a reliable supply.
Julian Parsons | Jan, 31 2025 Read More
SRC Freezes State Officers' Pay Increases: Economic Pressures Force Delays
The Salaries and Remuneration Commission (SRC) has decided to halt proposed salary increases for State officers due to harsh economic realities and tight budget constraints. This decision focuses on maintaining fiscal sustainability amidst rising public wage bills and economic challenges faced by the nation.
Julian Parsons | Jul, 3 2024 Read More
Hungary's Fuel Prices Remain Competitive Amid Regional Fluctuations
Fuel prices in Hungary have stayed below the regional averages, thanks to significant governmental intervention. Decreases in petrol and diesel prices outpaced those in neighboring countries, with petrol falling by HUF 17 and diesel by HUF 7. The Ministry for National Economy attributes this to strategic price cuts aimed at easing household financial burdens and stimulating economic recovery.
Julian Parsons | May, 17 2024 Read More
EPRA Announces Reduction in Fuel Prices Across Kenya for May-June 2024
The Energy & Petroleum Regulatory Authority (EPRA) has announced a decrease in fuel prices for the period from May 15 to June 14, 2024. Prices for Super Petrol, Diesel, and Kerosene will see reductions, directly impacting the cost of living and transportation across major Kenyan cities such as Nairobi, Mombasa, and Eldoret.
Julian Parsons | May, 14 2024 Read More