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/ 14 October 2009
Electricity parastatal Eskom’s latest proposed tariff hike will administer ”a serious shock to the economy” next year, Busa said on Wednesday.
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/ 30 September 2009
Eskom’s request for an extension of the deadline for its tariff submission to the National Energy Regulator of South Africa has been denied.
SA’s power regulator on Thursday granted Eskom a 31,3% tariff rise for the 2009-10 financial year, falling just short of the firm’s request for 34%.
Eskom’s application for a 34% price hike is for the benefit of South Africa, the parastatal’s chief executive, Jacob Maroga, said on Monday.
Transnet hopes for a capital injection from the government to fund a fuel link after the country’s regulator rejected its bid to raise tariffs.
Johannesburg residents will be expected to cough up 30% more for their electricity if the council approves the budget for the 2009/10 financial year.
The National Consumer Forum will request the National Energy Regulator to reject Eskom’s 34% price hike, it said on Tuesday.
Eskom, seeking to expand power generation capacity in Africa’s biggest economy, has applied to raise tariffs by a nominal 34%.