Weekly wrap: Big changes ahead: Homeowners, Eskom, and your electricity bill

Forced property sales in Cape Town, Eskom’s next steps, and solar panel price hikes – here’s what it all means.

View this email in your browser Good afternoon John Fri, 2 May 2025 Week's top stories Longtime Cape Town homeowners face forced sales Liesl Peyper Residents who live in properties valued above R2m say they will not be able to absorb the higher municipal bills. Eskom ready to start borrowing again Antoinette Slabbert But vows to keep debt at sustainable levels. The price of ‘local is lekker’: Solar panels set to get more expensive Ciaran Ryan South Africa’s push for local manufacturing could mean higher costs for homeowners and businesses. Financial advisor debarred, fined R1.1m by the FSCA Terri-Ann Brouwers Petrus Erasmus acted as an FSP without a licence and gave investment advice, says regulator. Opposition in Tshwane offers 'solution' for Kleinfontein rates problem Antoinette Slabbert But the law 'doesn’t provide for it’. Cape Town considers 'softening' tariff increases for higher value properties Liesl Peyper The proposed tariff reform, which introduces fixed charges for water and sanitation alongside a new city-wide cleaning tariff – based on property value – has led to an outcry from property owners across the metro. Podcast brought to you by STANLIB Simon's weekly wrap: Gold has an excellent first quarter Simon Brown This week MoneywebNOW looked at China retaining its 5% GDP growth target for 2025 despite Trump's tariffs, the possible listing of Pretoria-based ASP Isotopes on the JSE, and gold having an excellent Q1. Moneyweb@Midday Jeremy's weekly wrap: How a misinformation campaign cost SA Jeremy Maggs This week on Moneyweb@Midday, we covered the Finance Minister's last-minute reversal of the Vat increase and the revelation that a 46-year-old guesthouse owner named Sebastian Jooste, operating under the alias 'Twatterbaas', is behind a prolific online disinformation campaign. Week's top podcasts RADIO » PODCASTS » From bricks to fees: How property funds are reinventing growth Supernatural Stocks Absa backs KZN's Westown and Club Med mega developments The Property Pod How to dollarise your life with stablecoins Crypto podcasts Clothing retailers reflecting fair value after sell off MoneywebNOW - Brought to you by STANLIB Twatterbaas: Musk and Trump’s misinformation peddler exposed Moneyweb@Midday Calmer than expected SAFM Market Update Bitcoin klim Witsand se duine RSG Geldsake From our Advisors GET LISTED » CONTACT US » Advisor views VIEW ALL » 70 is the new 65: Why people are retiring later Hardi Swart - Family Wealth Custodians And how you can prepare for a later retirement. Life or living? Decoding the annuity decision Devon Card - Crue Invest (Pty) Ltd A number of other factors should be taken into account when determining which structure is best suited for your needs. Rental property vs investing: Stacking one investment type up against the other Lana Visser-Galant - Fiscal Private Client Services Every investment strategy has advantages and disadvantages. Estate planning and marriage: Why your marital regime matters when you die Hannah Myburgh - Crue Invest (Pty) Ltd Whether you’re married, divorced, or unmarried, the nature of your relationship can have far-reaching consequences for your estate administration. Tax policy trends: Contrasting US and South African approaches to growth Pedri Reyneke - Multilink Finansiële Dienste Tax policy is more than numbers – it's where economic theory meets the real world. In the US, lower taxes and high deficits aim to fuel growth and attract global capital, but not without risk. SA, on the other hand, plays it safer with higher taxes to balance the books, placing pressure on a narrow tax base. Ask an advisor VIEW ALL » SUBMIT A QUESTION » Should investors be concerned when company directors make large share purchases? Understanding the context behind the purchases is crucial – here are various factors you need to consider. Top voted comment TRENDING » SUBSCRIBE » Bois: “The DA fights to save a family spending R40,000 month, R150 in additional VAT, but quite happy to let slide R2,000 - R4,000 extra in rates & taxes (+20 to 40%) The DA aginst wealth taxes, but quite happy to introduce cost elements on essentially wealth tax principles. …..?!” 237 votes On story: Longtime Cape Town homeowners face forced sales Top viewed companies JSE SEARCH » 1 Sasol Ltd. » 2 Nedbank Group Ltd. » 3 Capitec Bank Holdings Ltd. » 4 MTN Group Ltd. » 5 Glencore plc » 6 Naspers Ltd. » 7 Sibanye Stillwater Ltd. » 8 Aspen Pharmacare Holdings Ltd. » 9 FirstRand Ltd. » 10 Absa Group Ltd. » Latest indicators MORE » ALL DATA TOOLS » Current Value 7 Day 1 Month 3 Months 6 Months JSE ALSI 92,337.35 02 May, 12:07 2.34 % 2.78 % 6.55 % 6.25 % Industrial 25 130,851.61 02 May, 12:07 5.02 % 3.19 % 7.82 % 10.03 % Financial 15 20,918.77 02 May, 12:07 5.19 % 4.72 % 3.23 % -1.78 % Resource 10 69,650.86 02 May, 12:07 -5.97 % 0.04 % 14.72 % 17.53 % Top 40 84,855.54 02 May, 12:07 2.39 % 2.95 % 8.26 % 7.86 % Current Value 7 Day 1 Month 3 Months 6 Months USDZAR R 18.42 02 May, 12:19 -0.26 % -1.83 % -0.40 % 5.40 % GBPZAR R 24.50 02 May, 12:19 -0.21 % 0.16 % 6.61 % 8.10 % EURZAR R 20.88 02 May, 12:19 -0.72 % 2.14 % 8.35 % 9.35 % AUDZAR R 11.86 02 May, 12:17 -0.06 % 0.01 % 2.27 % 2.52 % Get full access to all our market indicators, investment tools and award‑winning articles. 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