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Load shedding is a measure taken to avoid a total power failure in the whole country. It usually occurs when the power supply of a country cannot meet the needs of all customers in terms of electricity. Eskom then takes steps to keep the system steady and avoid cleaning the reserve. Load shedding is done by sharing the little available power supply amongst the customers. When power is insufficient Eskom can either increase their supply or reduce demand to bring the system back into the balance. Load shedding occurs when Eskom fails to up the supply. Load shedding schedules are…

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The carbon tax will see a reduction in emission because of the following reasons. Using fuels that emits gasses into the atmosphere will become expensive for companies and individuals. Most companies will then switch to cleaner fuels that are environmentally safe. Individuals might end up switching to public transport instead of private transport as a result of the carbon taxes affecting the prices of fuel. It also encourages businesses and individuals to reduce consumption and increase energy efficiency. Carbon tax also encourages businesses to use alternative energy because they a will be cost competitive. Businesses and individuals will choose cleaner forms…

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Deciding on the South African cars of the year is never an easy decision, by any account. With the various models produced and delivered on a monthly basis, drivers are spoiled for choice. The finalists in the 2019 AutoTrader South African Car of the year competition include:  Honda Civic Type R Hyundai Kona Lexus ES Alfa Romeo Stelvio Nissan Micra Renault Duster Mitsubishi Pajero Sport Porshe Cayenne Volvo XC40 Mercedes Benz A-Class The A-Class was the overall winner in the competition, leading the pack as a car model that espouses innovation and ingenuity. With impressive interior comfort, innovative technology, exemplary safety features and great design, the Mercedes Benz A-Class easily convinced the jury, which consisted of experienced journalists in the motoring sector. …

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South African Energy Parastatal Eskom introduced a tariff increase of just under 14% in April 2019. According to the former head of the Council for Scientific and Industrial Research’s energy department, Tobias Bischof- Niemz, these electricity tariff increases have not been effective.  With a debt of R420 billion, Eskom is in financial trouble, often leading to the South African taxpayer being saddled with the bill. There is no doubt that South Africans have been feeling the financial pinch since the unravelling of the state capture reports. With state-owned entities at the core of looting by corrupt officials, Eskom is no different. Will Eskom be…

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Investment is risky business. While there is the chance of significant gains, there is also a chance that things won’t go as planned and that significant losses will be made. One of the main reasons for investing is that investment opportunities offer potential for large returns. The chance to profit after taking a risk is often too good to pass up for many people. There are low and high-risk investments – the latter being based on the high probability of substantial loss of capital or of an investment underperforming. The tricky part is knowing one’s propensity for risk. Higher levels of risk may result in big payouts in short periods of time. So the bigger the…

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There are many reasons why people are getting short on cash these days. It could be due to economic strain, low income, high cost of commodities or unexpected expenses such as emergency repair and medical bills, or accumulated bills that are due to be paid. Putting a drain on your meagre financial resources is a great cause for worry. It’s fortunate that financial firms, understanding the need of many people to gain access to short-term loans with manageable and affordable payments, have come up with more ways to help. Across South Africa, LAMNA Financial is known for its diverse options when offering…

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KND Finance provide short term cash loans designed to meet the needs of South Africans. If you are looking for emergency cash KND Finance has the solution. It’s micro finance that’s useful and affordable for you. Especially when it comes to repayment and cost because as we all know short term finance is not cheap. If you require highly competitive interest rates, flexible terms and conditions and easy and affordable repayment then look no further, especially when you are in a cash crunch. And since the basis of a short term finance is defined as a business or personal loans that have…

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One of the main benefits of a retirement fund is that your investment is protected from creditors – that is unless you fall behind on your maintenance payments. If a member of a retirement fund defaults on maintenance payments, a court order can be issued to claim arrear payments from the fund. Independent retirement funds compliance consultant Tony Remas explains that financial dependency is an important consideration when it comes to the payment of death benefits in terms of the rules of retirement funds. For example, section 37C of the Pension Funds Act requires the trustees to pay out the death benefits…

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Babareki services provides loans to employees of companies Babareki services provides many products to suit all of its customers from payday loans cash-‘til payday loans, to short term loans with 6 months to pay, even debt consolidation loans. Founded in 2006, Babareki services are structured for employers, to aid their employees in financial difficulties so that productivity may continue. With a maximum of 24 hour approval on loans, Babareki is a great solution to your financial problems. Besides specific loan options available, Babareki also provides finance for other services or workplace necessities such as cell phones and airtime bundles, or even household financial support such as mattresses, cameras or even sound systems for employees. Babareki services…

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In insurance, accidental death and dismemberment (AD&D) is a policy that pays benefits to the beneficiary if the cause of death is an accident. This is a limited form of life insurance which is generally less expensive. Old Mutual’s Accidental Death & Disability Plan provides the cover you need. An affordable accidental death & disability plan – cover starting from R50 000. No waiting period: cash benefit paid out immediately to you or your family should you be involved in an accident that results in your death or permanent disability. Choose your benefit amount: from R50 000 to R250 000, to suit your…

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