‘DStv must fall’ tops the trends list due to high prices and tedious repeats

DStv is not in the good books on Thursday, as many Twitter users have outed the company for taking advantage of its customers.

‘DStv must fall’ tops the trends list due to high prices and tedious repeats

The Twitter hashtag “DStv Must Fall” topped the trends list on Thursday 23 April, for charging its customers exorbitant prices in the midst of countless repeats. 

This comes after DStv increased their prices at the beginning of April. 

Here’s how DStv increased its prices for 2020 

According to the latest DStv price hike, Premium and Compact Plus customers will now have to pay an extra R120 more for the year ahead. Access clients now have to pay R60 more. The Family package sees the biggest individual rise, in terms of both its monthly amount and percentage increase (it’ll cost R140 more over the next 12 months).

Here’s the prices for the rest of 2020:

The problem is that in the midst of a pandemic, a lockdown, hunger, looting and other devastating effects, DStv still felt the need to hike up their prices — this is mainly why Twitter users are up in arms. 

The main grievances of DStv customers are: 

  • Price hikes;
  • Exorbitant package pricing; 
  • No new content, continuous repeats; 
  • Not allowing customers to choose specific channels instead of packages; and
  • Not contributing to fight the pandemic.

Many Twitter users have threatened to cancel their DStv subscriptions and instead pay much less for Netflix. 

“You get yourself a nice internet/ WiFi package + Netflix. You end up saving and have access to a vast variety of shows and doccies. And you still save. DSTV is long overrated,” a Twitter user said. 

“DStv is useless without sport especially Soccer but these people they lack compassion, that company makes billions, some people really can’t afford to pay not because they don’t want to but because of this coronavirus situation, the repeated shows is an insult also.” 

Twitter user

Monotonous repeats during lockdown 

We’re in lockdown, which means we can’t go out and the television has become a big part of our daily lives. 

If we weren’t couch potatoes before, we most certainly are now. However, Twitter users claim DStv has no new content, no new shows to air and is simply churning out repeats left to right. 

Despite the uproar, DStv has not said anything on Twitter or Facebook. The company has continued to post suggestions of what TV shows to watch, infuriating customers even more. 

Most of us know that Mzansi sometimes uses humour to deal with impropriety, hence the DStv memes that took Twitter by storm on Thursday. Here are some of the best ones. 

Source : The South African More   

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Where’s the money coming from? Unpacking Ramaphosa’s R500 billion

As the dust settles after the mammoth pledge to inject R500 billion into the economy, many are wondering where it comes from.

Where’s the money coming from? Unpacking Ramaphosa’s R500 billion

With President Cyril Ramaphosa having announced that his government will inject R500 billion into South Africa’s ailing economy to try and mitigate the damage of the global pandemic we are facing, many are asking where the money is coming from. 

Ramaphosa announced that he had reached out to the International Monetary Fund (IMF), BRICS New Development Bank (NDB) and the African Development Bank, suggesting that a great deal of the money would come in the form of loans from global organisations. 

Lockdown loans will cause debt to skyrocket 

The People’s Dialogue and former Johannesburg Mayor Herman Mashaba has said that the deals would inevitably cause South Africa’s debt to “skyrocket”, but welcomed Ramaphosa’s strategy. 

“Our already high cost of servicing debt, which was exacerbated by our junk status as a result of African National Congress (ANC) mismanagement, will skyrocket further.

“These costs will be borne on the people of South Africa. Urgent clarity is needed on which agreements have been signed, if any, and how these loans will be structured,” he said. 

The banks are unlikely to provide full disclosure of the deals for fear of instigating diplomatic tension between the various countries they service, but during a crisis like this, it is likely that the banks offered favourable interest rates on the loans. 

According to Ramaphosa, the money is being invested into areas that were already direly in need of support before the pandemic began, and his optimistic view that the injection could kickstart the ailing economy is grounded on the principle that whatever deal he has brokered will be honoured on both ends.

IMF deal with ‘no strings attached’?

Earlier in April, the IMF said that developing countries around the world needed their support more than ever. 

“This is an unprecedented crisis, and our member countries need us now more than ever before,” the  IMF’s Africa director, Abebe Aemro Selassie said. 

Sources who attended crunch talks between Ramaphosa and sceptical members of the ANC earlier in April told TimesLIVE that he had said that the deal would come with “no strings attached”, saying that the deal would be interest free. 

“He said if the IMF gives us a loan, it won’t affect our sovereignty,” said the source.

‘President must clarify loan structure’

Mashaba said that Ramaphosa needed to urgently address where the money was coming from and how the deals would be structured, warning that without these clarifications, the Unemployment Insurance Fund (UIF) and South African Social Securities Agency (SASSA) would be left to squander the loans. 

“With R130 billion coming from the reprioritisation of the current budget, the president must clarify where funds are being shifted from. The tabling of a new budget is essential to ensure the required level of monitoring and oversight, prevent corruption, and safeguard service delivery.”

“It was only two weeks ago that a letter was authored by Ace Magashule, [the] Congress of South African Trade Unions (Cosatu) and the South African Communist Party (SACP) condemning the minister of finance for exploring finance from the World Bank and IMF.

“The president must clarify what concrete steps he will lead to ensure that South Africa can be freed from the policy disasters of the last ten years,” said Mashaba.

Source : The South African More   

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