Municipal tariffs are are shooting up across the board in South Africa, inlcuding property taxes.
While these increases seem manageable, including the welcome relief for Capetonians, there is no doubt that 2023 will bring further financial pressures for South Africans when you consider the additional rate hikes homeowners will be dealt with.
Addressing the reasons for the proposed tariffs, many of the municipal mayors said that above-inflation Eskom, water board, and salary increases have made tariff increases inevitable. Although electricity price hikes are mostly in line with Eskom’s 18.49% increase approved by Nersa, eThekwini drafted a massive increase compared to other major metros. At the same time, the City of Cape Town has managed to shield its residents slightly.
eThekwini Mayor Mxolisi Kaunda said this is a result of Umgeni Water’s approved tariff increase for bulk water is around 13%, although no explanation was given for the massive electricity increase.
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