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 […]
Tag Archives: Tariff
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 […]
If Eskom’s tariff increase is approved, it would be a catastrophe for the consumer and would see millions more plunged into debt followed by a slew of bankruptcies for businesses and private individuals, according to a debt expert. The National Energy Regulator (Nersa) said on Wednesday that they would announce their decision as to whether […]
