Posts tagged with 'households'

 

R100 – that’s how much Soweto residents want to pay Eskom for electricity each month

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The township is said to owe Eskom R18 billion in unpaid electricity bills.

This week, Lungelo Lethu Human Rights Foundation (LLHRF) is finishing up court papers in a bid to haul Eskom to the South Gauteng High Court over electricity disconnections.

LLHRF’s president King Sibiya said they want an interim court order forcing Eskom to restore electricity to about 250 households.

Sibiya said they also want to force Eskom to get into negotiations with residents over the next 18 to 24 months to discuss a flat rate of R100 for energy consumption. “There are currently about 250 houses without electricity. While the whole area owes Eskom, we think the ones whose electricity has been switched off is more urgent.

“We want to kill the culture of non-payment in Soweto. We can’t divorce ourselves from Eskom. A R100 flat rate from those who haven’t been paying is better than nothing.”

He said the majority of people in the township couldn’t afford to pay for ele
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13.8 million people in SA, are living on less than R19 a day, according to the 2019 Household Affordability Index

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According to the latest Household Affordability Index compiled by the Pietermaritzburg Economic Justice and Dignity Group (PMBEJD), more than half of SA’s population live on less than R41 a day.

The September 2019 Household Affordability Index shows that more than half of the population are living on less than R1 230 a month. The Index also shows that a quarter of the population, approximately 13.8 million people, are living on less than R19 a day.

A total of 56% of South Africans (30.4 million people) are living on less than R41 a day.

The group said: “Affordability, in its simplest form, is relative to income levels and the cost of goods and services (expenses). Workers work to support their families. Workers, reasonably expect to cover the costs of goods and services needed for dignity and household functionality off their wages. In most  South African households, only one family member works. This one wage must support a reductive average of 3.9 perso
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According to research, many South Africans are ‘too broke to retire’

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A large number of South Africans earning at least R15,000 a month are delaying retirement because they simply can’t afford it, a survey found.

South Africans’ spending habits and aspirations were at odds with reality, a survey by money lender Wonga has shown.

Meanwhile, research also shows that many people are simply too broke to afford retirement.

According to the 2019 Old Mutual Savings and Investment Monitor’s latest findings, a large number of South Africans earning at least R15,000 a month were delaying retirement because they simply could not afford it.

The survey results showed that half of the country’s retirees were working for an employer, 36% had started a business post-retirement, while 13% continued to be self-employed or took up a position as a consultant.

“Including this demographic into our study, reveals the impact that many households suffer because they are financially under-prepared for their
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