Alarm bells for property owners in South Africa: an extract from an article by: Malcolm Libera in BUSINESSTECH – [20 October 2024]
Property owners in South Africa face an increasingly unsustainable financial burden as property, water, and electricity rates continue to rise sharply, with no signs of slowing down.
An exploration of tariffs over the last 15 years highlights the predicament property owners find themselves in and will likely continue to face in South Africa.
… property rates have beaten inflation and more than doubled in the last 15 years, with inflation increasing by an average of 5.1% per year over the same period.
The Original Full Article can be Viewed here: → https://businesstech.co.za/news/property/795923/alarm-bells-for-property-owners-in-south-africa-2/