price hike | Radio 94.7 FM

Fresh from securing a 9.41% tariff increase in March, Eskom are now targeting municipalities with a 15.63% hike.

The greed at Eskom has expanded yet again this week, after the City of Johannesburg confirmed that a 15.63% tariff hike is set to come into force. In an official statement, Mayor Herman Mashaba lambasts energy regulator Nersa for their “disappointing correspondence”, which expresses the need to jack-up our electricity prices.

Eskom: Municipalities set for a separate price hike
The news comes just a couple of months after Eskom were given permission to increase their rates by 9.41% in 2019. In total, they’ve been given the green-light to put rates up by 22% over the next three years. However, the power utility has no shame when it comes to raiding the pockets of South African citizens.

Eskom’s problems are extensively well-documented, and their ability to use money wisely has been severely questioned. In fact, two interna
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The petrol price increase in March is expected to shock South Africans, with a hefty hike eclipsing original estimates.

It seems likely that rolling petrol price increases, last experienced in the latter half of 2018, are expected to make a dubious return this year – starting next month. While first estimates, released by the Central Energy Fund (CEF) earlier in the month, proposed a hike of 43 cents per litre for petrol and 60 cents per litre for diesel, recent revelations paint a grim picture for South Africans.

Petrol price increase in March
The Automobile Association (AA) of South Africa noted that a steady increase in international oil prices, coupled with a weakening rand – both experienced after the first estimate tabled by the CEF – had since altered original evaluations. The Energy Department has echoed the AA’s sentiments – pointing to mooted increases which almost double first guesses.

According to the Energy Departmen
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