Thursday, 28 February 2013: Eskom notes the decision by the National Energy Regulator of South Africa (Nersa) which allows total revenue of R906.6 billion over the next five years, giving an average annual increase of 8% in electricity tariffs.

We will have to study the decision in detail to understand its consequences and assess its impact.

Eskom had applied to Nersa for an average annual increase of 13% to cover its own needs over the next five years, plus 3% a year for independent power producers, giving a total of 16% and proposed revenue of R1.1 trillion.

The Randburg Chamber of Commerce and Industry (RCCI) held its Final Business Network Breakfast for the year on Wednesday 7th November at Ciao Baby Montecasino.  This event had a very high turnout and was attended by Business owners & Entrepreneurs.

Ocea Garriock of IBM gave a riveting and highly inspirational presentation on the “the factors affecting business from a marketing and technological point of view”. 

Stella Ncube, RCCI Administrator gave a brief introduction on the Chamber and informed all present on the various benefits of being a member of the Randburg Chamber of Commerce and Industry.  She also emphasized the importance of connecting businesses in order to identify business opportunities and build long term relationships.

Everyone who attended the breakfast took full advantage of the Networking Opportunity that this function offered and new relationships were formed.

Inflation – persistent or sustained increases in the general level of prices - affects every single soul. It is used to benchmark salaries/wages, rent and ultimately interest rates. Hence accurate measurement is paramount. Unfortunately every consumer - or producer – is different, i.e. they have different spending patterns, income levels, locations or manufacturing characteristics.