Tag Archives: Hike

South Africa: Energy Body Says No to Electricity Hike

Photo: Eskom, which imposes rolling blackouts on an almost daily basis due to inadequate electricity capacity, is facing a funding gap to 2018 of up to R200 billion. By Adam Wakefield, News24 Eskom’s request for an additional increase in electricity prices has been declined by the National Energy Regulator of SA (Nersa) on Monday. Making […]

South Africa: Expect Big Petrol Price Hike – AA

Based on unaudited daily fuel price data released by the Central Energy Fund, fuel price increases are set to continue in July, the Automobile Association (AA) said on Thursday. It expects the price of petrol to increase by between 43 cents and 46c cents a litre, while diesel and illuminating paraffin will be less affected, […]

South Africa: Electricity Tariff Hike Will Cripple SA – Seifsa

By Adam Wakefield Eskom’s proposed 25% electricity price hike, if approved, will further cripple the already bleeding South African economy, the Steel and Engineering Industries Federation of Southern Africa (Seifsa) said on Tuesday. “The metals and engineering sector has been struggling for more than five years, owing to fierce import competition from Asian economies, industrial […]

South Africa: Kganyago Worries About Extra Eskom Tariff Hike

SA Reserve Bank governor Lesetja Kganyago expressed concern on Thursday over Eskom’s extra tariff hike request to a total 25.3% increase for the 2015/16 financial year. He said at the end of the bimonthly Monetary Policy Committee meeting on Thursday that the MPC, in a split decision, decided to keep the repurchase rate on hold […]

Nigeria: Govt to Hike Taxes

Photo: Lagos, Nigeria By Jaiyeola Andrews Abuja — Following the downward slide in the price of crude oil on the international market, the federal government on Thursday disclosed that it had mapped out strategies to increase taxes and other internally generated revenues (IGR) in the country. Deputy Governor of Lagos state, Victoria Adejoke Orelope-Adefulire, stated […]

Ghana: Fuel Price Hike Hits Transport Fares

Accra — Petroleum products have increased by between 15 and more than 20 percent, the National Petroleum Authority (NPA)announced. The price increment took effect Monday. The price of petrol (premium) saw the highest increase up 23,08 percent to GH¢3.36 a litre. Kerosene saw an increase of 23,75 percent while diesel increased 22,01 percent to 327pesewas. […]

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