Perfect storm for SA's middle class - but good news for petrol prices

Here are some of the biggest stories you may have missed on BusinessTech this week | South African households are heavily in debt and are running out of lifelines for money to make it through the month. [BusinessTech logo]( [Top stories this week]( [◼ Perfect storm about to hit South Africans earning more than R15,000 a month]( South African households are heavily in debt and are running out of lifelines for money to make it through the month. [◼ Here is the expected petrol price for July]( Mid-month data from the Central Energy Fund (CEF) shows that South African motorists are in store for another big cut to fuel prices next month, with global oil prices working in our favour. [◼ How much ‘bin pickers’ make in South Africa – with some earning more than the national average]( The majority of waste or bin pickers in South Africa earn between R300 and R600 per week, but some can earn as much as R7,000—which is more than the average formally employed worker. [◼ SARS announces medical aid tax changes for 2024]( The South African Revenue Service (SARS) says it is implementing tax changes relating to medical aids, which it says should make it easier to submit data and reduce audits for taxpayers with more complex medical claims. [◼ R60 million shopping mall for sale in South Africa]( The Accelerate Property Fund (APF) has announced that it will sell one of its mall assets, the Cherry Lane Shopping Centre for R57 million. [◼ Hijackers have changed their ‘business hours’ in South Africa]( New data shows that the times of the day when most hijackings occur have shifted, with criminals now operating more frequently earlier in the day. [◼ The 10 cars least likely to be hijacked in South Africa]( King Price’s data over two years notes 10 car models that are at low risk of being hijacked in South Africa, and the reasons for this are all about demand and available parts. [◼ Warning for solar users in South Africa]( A new research paper from Discovery Green has warned businesses against “over-investing” in solar, saying that doing so could lead to much higher costs in the long run. [◼ Say goodbye to these 10 cars in South Africa in 2024]( In recent months, several new vehicles have been introduced in the country, with more on the way. However, by the end of 2024, at least 10 cars will no longer be available in South Africa. [◼ Government of National Unity: what the DA, ANC and IFP have agreed to]( The final Government of National Unity (GNU) agreement was signed at the Cape Town International Convention Centre, the venue hosting the first sitting of the seventh Parliament, on 14 June 2024. [Facebook]([Twitter]([LinkedIn]([YouTube]( [Manage your preferences or unsubscribe]( • [View PDF]( • [Pause Subscription]( • [View Online]( This email was sent to {EMAIL} on 16-06-2024 This is intended for opt-in communication only. If you feel this email is unsolicited please [report it]( to us Email Powered By Everlytic