It’s important to note that Eskom’s application for a 15% tariff increase is over and above the 4.41% raise already granted to the utility by the National Energy Regulator of South Africa (NERSA) earlier this year.
Eskom is looking to increase national electricity tariffs by at least 15% in 2019 – this application will be open to public comment in January.
The public hearing’s process marks the next step in Eskom’s crusade to amass more cash. Recent financial statements paint a grim picture for the power utility; losses eclipsing R10 billion with maturing debt set to reach R600 billion by 2022.
Eskom out to make The People pay
While mounting evidence points to the cause of Eskom’s economic woes being deep-seated corruption, nepotism and mismanagement – the state owned enterprise is placing the burden of its financial em-battlement solely on the shoulders of ordinary South African citizens.
It’s true
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