The business chamber is arguing that the tariffs are both high and uncompetitive, directly impacting the sustainability of businesses.
Specifically, the chamber said that electricity tariffs charged to industry in municipalities are much higher than Eskom’s direct customer charges. “The Nelson Mandela Bay Municipality is budgeting for electricity losses for the current financial year to be above 25%, putting the financial value of these losses above the R1.2 billion mark. Furthermore, the municipal electricity distribution will lose close to R800 Million for the 2022/23 financial year, mainly as a result of the excessive and uncontrolled losses.
“Our end goal is to ensure that business and industry which operates in the municipalities remain competitive and are not burdened by municipal dysfunctionality through the charging of excessive electricity tariffs.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessTechSA - 🏆 24. / 61 Read more »