Electricity price increase approved

Electricity price increase approved

  "The National energy regulator of South Africa (Nersa) has approved a 15.63 percent average price increase for municipalities which will be implemented on 1 July 2019," Eskom said. The Organisation Undoing Tax Abuse (Outa) is urging South Africans to keep paying their electricity but says government needs to control the price increases. Tariffs for water and refuse collection are also increasing in some municipalities.   Outa's Energy Portfolio Manager Ronald Chauke said without users paying for electricity and services, the operators will work at a loss and people will not be able to access the services.   Chauke said the government needs to do a better job.   -- source https://www.enca.com/news/water-and-electricity-rates-increase...
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Eskom gets price hike, inflation fears rise

The National Energy Regulator of South Africa (Nersa) on Wednesday granted state-owned utility Eskom a nominal 24,8% tariff increase for the 2010/11 financial year, raising concerns this would fuel inflation in Africa's biggest economy. The increase fell short of the power firm's request of a 35% hike, but critics and analysts say the tariff hikes will have a big impact on an economy trying to recover from its first recession in nearly two decades. Eskom was also granted nominal increases of 25,8% and 25,9% respectively for the following two financial years. The Congress of South African Trade Unions (Cosatu) responded to the tariff news swiftly, threatening to call a strike by its nearly two million paid-up members to defend living standards. "If no progress is made in these discussions, the federation will not shrink from mobilising its members, and the wider South African public, in strike action and protests in the streets against such a savage attack on our living standards and economic future,"...
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