Councillor Funzela Ngobeni, MMC for Finance

Loading player...
INFO
Residents of Johannesburg will be hit hard in their pockets after the municipality announced new tariff increases. Presenting the budget for the 2019/2020 financial year today, finance MMC councillor Funzela Ngobeni announced that electricity tariffs would rise by 13.07% while water tariffs will increase by 9.9%. Property rates and refuse removal will surge by 5.5% and 7% respectively. Free basic water would be provided to households without formal income. These families will receive up to 15 kilolitres of water per month and 150 kilowat hours of electricity. Ngobeni said the tariff increases were determined by factors outside the control of the city.
22 May 2019 12PM English South Africa Business News · Investing

Other recent episodes

How Currency Volatility Is Hitting South African SMEs

A new Verto report warns that currency volatility is now a bigger threat to SME margins than logistics. Rumbi Shoniwa from Verto SA explains how FX swings erode profits and the practical steps SMEs can take to protect themselves.
29 Apr 3PM 11 min

Engineering Through Headwinds: Leoka’s 10‑Year Growth Story

Leoka Engineering founder Katlego Makgata reflects on a decade of building a 100% Black‑owned EPCM firm in one of South Africa’s toughest sectors. We discuss OR Tambo’s mission‑critical operations and the digital innovations shaping the next era of African engineering.
29 Apr 3PM 18 min

The New Rules of SME Resilience in 2026

Merchant Capital CTO David Reynders joins us to unpack how South African SMEs are navigating a volatile economy. We explore cash‑flow discipline, cost‑cutting without damaging growth, and why “cash buys you time.”
29 Apr 3PM 13 min

South Africa’s Fuel Relief Extended

The government has extended the temporary fuel levy cut—but what does this mean for inflation, household budgets, and the Reserve Bank’s rate path? PSG Chief Economist Johann Els explains.
29 Apr 3PM 11 min

Easter on a Budget: How South Africans Navigated the Fuel Spike

Lightstone Retail’s Mohit Narotam breaks down new mobility data showing how South Africans re‑engineered their Easter travel plans to beat one of the biggest fuel hikes in years. From early departures to shorter trips and smarter refueling
29 Apr 3PM 12 min