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. Morning clouds. Mild.
Although petrol and diesel costs will be dropping for the first time in six months, consumers have little to celebrate as electricity tariffs start to kick in from Monday July, 1.
The national energy regulator has approved Eskom's application to recover R32.6bn in shortfalls from electricity consumers.
Business Unity South Africa says it opposes Eskom’s application to the National Energy Regulator of South Africa to raise tariffs without justification.
Once Eskom had completed its two new coal power stations and paid down its guaranteed debts, electricity tariffs in South Africa would fall again, Eskom chair Baldwin Ngubane told a session at this week’s World Economic Forum on Africa in Durban.
Eskom may cut off power supply to eight municipalities with outstanding debt, a judge has ruled.
The public’s trust in Eskom has been rocked by sky-high electricity tariffs without a corresponding increase in the kilowatt output of the utility, says Outa.
With petrol and diesel costs going up, cash-strapped consumers will be facing a difficult time to make ends meet.
Eskom has asked the energy regulator for permission to recoup R38bn of costs incurred in its 2014 financial year by means of higher tariffs, its annual report shows.
Hiking the electricity tariffs will be unfair and a burden on taxpayers because municipalities owe Eskom more that R3.2bn, says AfriForum.
Industry cannot sustain any new Eskom hikes, warns Jan de Lange.
Eskom's balance sheet has been providing a subsidy to consumers over many years, but this is not sustainable anymore, says the power utility.
Three chambers of commerce in Mpumalanga have approached the Constitutional Court to intervene in Eskom’s "catastrophic" supply interruptions in the Thaba Chweu municipality because of unpaid accounts.
Legal challenges to regulatory decisions are growing in SA and regulators are gradually understanding that their decisions may be subject to judicial review, says an expert.
Municipalities relying on an electricity tariff hike are likely to feel the crunch after energy regulator Nersa ruled on a cap at 1.88% for the 2017/18 financial year, says OUTA.
An 8% electricity tariff increase for the next fiscal year is still possible, though risks now look a little more balanced, says an emerging markets economist.
Hard times lie ahead for consumers amid petrol price hikes, ever-rising food prices, electricity tariff increases and the prospect of rising interest rates.
Outa says it remains undeterred by the court's decision to dismiss its urgent application to stop Eskom from implementing an approved tariff increase.
THE Pietermaritzburg Agency for Community Social Action (Pacsa) has called on all residents and businesses to take a stand against Eskom’s increase in electricity tariffs.
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