CECraig Edwards
Craig writes about money in South Africa: petrol, grants, banks, bonds and what every change does to your pocket.
Eskom has doubled its profit to R30.3 billion. It has also sold less electricity than in any year since at least 2008, down almost 21%. We put the numbers side by side, show where the customers went, and explain who still owes Eskom R111.6 billion.
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Cape Town has about 26,000 Airbnb listings and the highest rents in South Africa. A thread about it split the internet in two. One side says Airbnb brings jobs and tax. The other says locals are being pushed out. We put both sides' own numbers in one table.
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The Reserve Bank raised rates in September because of fuel prices. Now petrol is set to jump again in November. Here is what a bond of R800,000 to R2 million costs at prime 10.25% to 11%, and what the double hit adds up to for a commuter.
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The SRD grant is still R370 and still due in the last week of October, but fuel has jumped since January. Wholesale paraffin is up 94%, diesel 77%. Here is what the same R370 bought then and buys now, plus every October grant amount.
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Millions of South Africans were auto-assessed in July and think they are finished. They are only finished if the data SARS used is right. We pulled together the five numbers to check, the Saturday branches still open, and the official penalty table with a countdown to Friday 23 October.
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Chinese brands now make up 40% of SUV finance applications at Absa, up from 19% in 2023, and six in ten cars WesBank finances. The banks are happy to lend. What worries them is the day those cars hit the used market. Here is who finances what, what it is costing the banks, and what it means for your deposit, your balloon payment and your trade-in.
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