SA: Eskom slammed for planned price hike

source: IOL
November 15 2007 at 11:43PM

Eskom’s intention to seek an 18-percent tariff hike next year has been condemned by business and labour.

On Thursday, Business Unity South Africa (Busa), the Congress of South African Trade Unions (Cosatu) and the Young Communist League (YCL) condemned the parastatal’s intended increase in electricity prices next month.

Eskom chief executive Jacob Maroga said on Wednesday he expected South Africa’s national energy regulator to approve the rise in power prices.

“There has been a process with the regulator and we have a sense that they believe the case for an increase is clear,” Maroga was quoted as saying.

He said the price rise was necessary to fund investment in much-needed new capacity.

However, Busa said should the price increase, this would [continue reading]

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