Power profits

2008-04-09 00:00

THE National Electricity Regulator of South Africa (Nersa) has given Eskom permission to have “commercially sensitive” information on its proposed 53% tariff increase withheld from publication. It’s a development at which a public, which finds load shedding likely to be an inconvenient feature of life for years to come, will look askance.

Last year Eskom reported a net profit of several billion rand. It is also known to pay out enormous performance (sic) bonuses to its executives. Why the secrecy? Why the price hike? Had this debacle happened in, say, France or Germany, they would all have been fired and the government would probably have fallen. Here, however, they get rewarded for incompetence.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.