Business News

Emfuleni’s poor services mainly due to bad finances

On the income side, ELM has a budget shortfall ranging from R66 million per month in a good month, to R141 million per month in a bad month. On the face of it there seems to be more bad months than good months!

Monster fuel hikes ahead – AA

Mid-month unaudited data from the Central Energy Fund (CEF) is predicting the biggest fuel price hike in South Africa’s history by some margin

The National Credit Amendment Bill promises debt relief for the poor

“The Bill promises a short-term intervention that allows for the extinguishing of debt for those consumers who are either unable to pay their debts at all or to repay all the debt within 60 months. This intervention will be available for 4 years after the implementation of the Bill.”

Historic breakthrough in Business/ELM cooperation

After months of confrontation, organised business in Emfuleni and the local municipality are on the verge of brokering an historic agreement to cooperate closely on electricity rates, billing and payment issues facing specifically the business sector

More Vaal companies scramble to get power direct from Eskom

As more companies in the Vaal scramble to gain reliable power supply directly from Eskom, the Emfuleni business sector last week directly confronted the Executive Mayor saying there was “absolutely no trust” in a local authority “drowning in red tape”

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