South Africa: How Eskom hike will hit you

source: IOL
February 25 2010 at 01:17PM
By Sapa & Staff Reporters

The electricity price increase granted to Eskom yesterday could cost 250 000 South Africans their jobs, see scores of small business under threat and increase the pressure on already cash-strapped households, analysts have warned.

The National Energy Regulator of South Africa (Nersa) announced yesterday that it had granted Eskom a tariff increase of 24,8 percent for 2010, 25,8 percent for 2011 and 25,9 percent for 2012.

But the SA Chamber of Commerce and Industry (Sacci) said: “Energy constitutes a major input cost for a large proportion of businesses.

“The increase will probably have an adverse impact on investment in [continue reading]

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