Eskom – cough up for your children’s future – Andrew Kenny
The ANC has ruined Eskom with corruption, racial engineering, incompetence and mad policies. It failed to build power stations and so we ran out of electricity in 2007.
The ANC has ruined Eskom with corruption, racial engineering, incompetence and mad policies. It failed to build power stations and so we ran out of electricity in 2007.
If Eskom gets its way with NERSA, users will experience a massive price shock. The political repercussions of paying for the disaster at Eskom could soon be upon us.
PMB’s organised business CEO Melanie Veness explains why her chamber, in partnership with its NMB counterpart, has drawn a very distinct line in the sand on electricity prices.
On Sept 30th, NERSA called for a pricing methodology review and discarded the so-called MYPD 5 revenue application of Eskom.
Eskom hit back at NERSA over the rejection of its tariff proposal. It said the decision would destroy the electricity industry – including municipalities.
Municipalities will also require a once-off R100bn injection because of NERSA’s decision to reject the latest tariff application from Eskom.
“NERSA approved generation licences, including three Karpowership licences, despite public opposition and without any explanation.”
Eskom is struggling under R464bn of debt and has repeatedly said that electricity tariffs do not reflect its costs, says Bloomberg.
Eskom has proposed a new fee structure which will give high usage customers a break, but lower use customers will pay more.
The SA Reserve Bank has cut its benchmark interest rate by the biggest margin in more than a decade as it seeks to support an already fragile economy.