According to Statistics South Africa, household income and expenditure are fundamental components of a country’s economic landscape, influencing everything from consumer behaviour and savings rates to economic growth and stability. On average, the estimated household consumption expenditure per household in South Africa was R143 691.
Households spent most of their income on housing, water, electricity, gas, and other fuels (34,7%), followed by food and non-alcoholic beverages (16,3%), transport (15,3%), and insurance and financial services (9,3%).
An application for a market operator (MO) license was made to the National Energy Regulator of South Africa (Nersa) in terms of the Electricity Regulation Act, 2006 (Act no 4 of 2006) as amended. This licence will enable the MO to operate the systems that facilitate the trading of electricity or other energy commodities within…