ROB ROSE: Eskom’s misplaced priorities
Its price hike of 15.6% will crush many of its customers, but Eskom seems to care more about the fact it’ll lighten the pressure on government
25 February 2021 - 05:00
If, like many South Africans, you’re finding it tricky to stretch your salary to the end of the month, SA’s least-reliable company is about to make it a whole heap harder. Last week, Eskom was given the green light by the high court to hike power prices 15.6% from April.
It’s punitive in the extreme: besides being five times SA’s inflation rate, the increase comes at a time when unemployment is at a record 32.5%, and even those who do have jobs have had their salaries slashed...
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