Eskom tariff hike could force some South Africans to choose between power and food, lobby warns | Business

The National Energy Regulator's decision to grant Eskom tariff increases of 18.65% and 12.74% over the next two years will hit hard for South African consumers whose wallets are already stretched to the limit.

The National Energy Regulator of South Africa on Thursday announced the tariff increase decisions, the first of which takes effect from 1 April this year. Against Eskom's application for a 32% increase, Nersa granted the 18.65% increase for the year 2023/24, which starts in April. This translates into total revenue of R300 billion for the year and a tariff of 173.80 cents per kWh.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

_Business Biggest joke of all time must be Eskom.... They support the installation of solar.... If all 50million people do that will eskom not be absolute then?... Yes that will close them down permanently 60 000 people unemployed..... Good idea to fight poverty....

_Business School fees might not be paid, Investment portfolios closed, medical aid stopped, businesses closed, personal assets sold off etc. The only thing left affordable these days is to live like squatter.

_Business cyrilDoesntCare

_Business Clearly the National Energy Regulator of SA (NERSA) is NOT there to protect the public of the country. They exist with the sole purpose of protecting Eskom! VoetsekNERSA

_Business Kubi 😭

_Business Kuni😭

_Business Probably the most useless regulator on the planet. Regulating an industry to extinction.

_Business Let’s make our mark count in 2024

_Business “Eskom has undertaken to reduce the real price by 15% between 1995 and 2000.” Dr John Marais Board Chairman. When Eskom was run by a competent Board and staff. The good old days. southafrica anc

_Business Disgusting!!

_Business Maybe the plan is actually to destroy small business, but to what end, I've no clue. We already have chronic unemployment 😡😡

_Business You see tia_529 .. There's no hope in this country. If the country were a plane, the ANC her pilot, this would be a CFIT event.

_Business This only affects the people who pay for electricity.

_Business AND NOT A SIGN OF ANYONE IN JAIL FOR THEFT, SABOTAGE. Instead, like sheep, we’re being led to the slaughter house. They’ll continue to steal with impunity whilst we are taxed to the wall. Ideal climate for civil strife…

_Business Illegal connections will increase and meter box tempering.

_Business PresidencyZA CyrilRamaphosa you have said that small businesses are the ones with a greater chance to get us out of this big hole called unemployment, how do you propose that will happen with such expensive electricity that's barely on?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Eskom enters key stage of Koeberg revamp as SA's power grid reels | BusinessSouth Africa has entered a critical phase of revamping its sole nuclear plant and needs it to run according to plan to avoid deepening power cuts that are already at a record and wreaking havoc on the economy. | News24_Business _Business The ANC taking over Eskom... what could go wrong? _Business Don't use a blackman's plan - it won't win. Do it the whiteman's. sorry!😁 _Business Stage 10 loading....
Source: News24 - 🏆 4. / 80 Read more »

Roodt: Business rescue plan will enable Eskom to provide consistent power againEconomist Dawie Roodt said mismanagement of the power supply monopoly was likely to lead to privatisation. 100% agree! Another idea that GwedeMantashe1 will decline. His policy is decline everything ' this will probably include firing a lot of people '....not a chance on hell that this will happen. The unions will burn eskom to the ground before they let that happen.
Source: ewnupdates - 🏆 30. / 53 Read more »