×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Johannesburg mayor Herman Mashaba, the City of Johannesburg, City Power, the National Union of Metalworkers of SA (Numsa), the Minerals Council SA and the DA are united in their opposition to Eskom’s application for an electricity tariff hike, a National Electricity Regulator of SA (Nersa) panel heard in Soweto on Friday. They say it will punish law-abiding citizens, cripple the poor and working class, and sound the death knell for mining. In his submission to the panel, which is conducting public hearings on Eskom’s application for a 15.5% annual increase over the next three years, Mashaba said 45.2% of Johannesburg’s residents live below the poverty line. At least 900,000 residents are unemployed and the economic growth outlook stands at 1.7%. Inflation is expected to average 4.8% in 2019, 5.3% in 2020 and 4.8% in 2021. “Given this context what is being proposed is unacceptable. If Nersa grants Eskom’s request of 15%, per year, over the next three years, the compound tariff increa...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.