The government and Eskom were criticised for the present energy crisis at Friday’s National Energy Regulator of South Africa (Nersa) hearings into the power utility’s request for a proposed 53% tariff increase. Eskom chairperson Valli Moosa and CEO Jacob Maroga said the increase was needed as the system was tight and the reserve margin was very low.
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/ 21 January 2008
It is almost inconceivable that the South African Reserve Bank’s (SARB’s) Monetary Policy Committee would raise interest rates in the current atmosphere, according to strategist for Investec Securities, Brian Kantor. "I would not have raised the last two times. It is quite clear now that the last increase was over the top," he said,
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/ 14 January 2008
The JSE was in the red at midday on Monday, taking its cue from lower overseas equity markets. By noon, the broader all-share index had shed 0,13% to 27 474,230 points. Industrials were down 0,56%, while banks lost 0,43% and financials were off 0,29%.