If we are serious about growing the economy and creating jobs, we need to support these young people – even though they don't seem to expect any help or handouts, writes Melanie Verwoerd.
Showers late. More sun than clouds. Mild.
The Minerals Council South Africa has said that as many as 90 000 jobs in the country's mining sector could be at risk "solely as a result" of recent electricity tariff increases.
An economists warns that Eskom's proposed 19.9% electricity hike will result in job losses in the steel and engineering sector, which has already suffered more than 25 000 job cuts over the last three years.
Eskom is of the view that Nersa can go ahead and consider the power utility's application for tariff increases for the financial years ending 2016 and 2017.
Many consumers will see their electricity prices jump by about 7.64% in July, after energy regulator Nersa approved an increase for municipalities this week.
The electricity crisis is shifting from load shedding to issues of electricity prices and the capacity of Eskom to finance its operations, says energy expert Chris Yelland.
Civil rights body Safcei has told Nersa it rejects Eskom's revenue claw-back application and sees the application process as "an outdated model of an inefficient monopoly".
Eskom will abide by the decision made by the National Energy Regulator that it is to provide the regulator with extensive information on its operations, including the cost of coal, it said in a statement.
The Dentons report raises questions over higher coal prices paid by Eskom as well as the electricity price increases.
The hearings into Eskom's application for a tariff increase to recoup R22.8bn for the 2013/14 financial year, have drawn strong public opposition.
The DA is set to deliver a memorandum to Public Enterprises Minister Lynne Brown to protest Eskom’s request to double its tariff hike to 25.3%.
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