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Rand takes knock after Nersa increases electricity tariffs - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Rand takes knock after Nersa increases electricity tariffs via SABCNewsOnline

The rand was trading at around R14.55 on Thursday night. The local currency has battled to recover since Eskom introduced loadshedding last month.

Economists have warned that consumers are already feeling the weight of tax increases and a declining standard of living and the new Eskom tariff increases will only make matters worse.

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Concerns raised of impact on business after Nersa approves Eskom tariff hikesThe National Energy Regulator of South Africa on Thursday approved a tariff hike of 9.41% for this year.
Source: ewnupdates - 🏆 30. / 53 Read more »