Anyone living in Cape Town and with a bit of spare cash and a pre-paid electricity meter would probably do well to buy electricity before the 25% increase on the 1st July. By doing this you will effectively be buying electricity at a 25% discount to the new price…a tidy return on your money indeed. A couple of caveats first though: You need to make sure that you remember to at least “top-up” your account each month to pay...

So Eskom’s been granted increases of 24.8%, 25.8% and 25.9% for the next 3 years. Not as big as they wanted but still significant. What does it mean for us as consumers? There is a beautiful little rule called the “rule of 72″ which states if you want to know how quickly something will double in value/cost you need to divide the number into 72. So based on this, an increase of 25% means that the price of electricity will...