×

We've got news for you.

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

A decade after black-outs first abruptly put the brakes on the economy, prompting an unaffordable generation capacity expansion spree by Eskom that has seen tariffs rise 350% in the past 10 years, we remain knee-deep in the dwang. Firstly, despite the hundreds of billions of rand spent on building new power stations, we still don’t have enough power, even though demand has barely budged since 2008. Eskom, which still supplies more than 95% of SA’s electricity and controls and operates the country’s transmission and a significant portion of its distribution infrastructure, started its latest round of load-shedding on Sunday. These days the utility’s schedules allow for as much as 8,000 MW to be taken out of the system — double the maximum prepared for previously and equal to nearly 20% of installed nominal capacity. The tariff hikes over the last 10 years have been way above inflation, which was 74% over the same period. Yet Eskom wants to milk its customers even more, asking regulat...

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.