ANC: Eskom tariff hike won’t help growth
Electricity parastatal Eskom’s revised tariff increase proposal will not help growth in the country, the ANC said on Wednesday.
Electricity parastatal Eskom’s revised tariff increase proposal will not help growth in the country, the ANC said on Wednesday.
Opposition parties on Tuesday rejected Eskom’s proposed 35% tariff increase, saying it did little to ”dampen concerns” about the effects of inflation.
South Africa could have the world’s most expensive electricity if Eskom gets its tariff increases, an economist said on Thursday.
Eskom denied reports by Radio 702 on Wednesday that it was considering dropping its proposed tariff increase by 10% from 45%.
Eskom’s request for further tariff hikes has economists concerned that the spike will place further pressure on consumer price inflation.
Electricity parastatal Eskom’s latest proposed tariff hike will administer ”a serious shock to the economy” next year, Busa said on Wednesday.
Cosatu said on Tuesday it is extremely angry at what it called Eskom’s ”outrageous and insensitive” request for a 45% a year electricity tariff hike.
Many South Africans are cutting down on electricity consumption after Eskom was granted a 31% tariff hike, a survey has found.