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While escalating trade tension between the United States and China is bound to negatively impact emerging markets, there are also 'significant' long-term opportunities once the political tide turns, says Old Mutua's Siboniso Nxumalo.
Eskom has committed to providing most of the information about its operations that the National Energy Regulator of SA (Nersa) needs to set next year’s tariff increases.
Eskom CFO Anoj Singh estimates it will take around seven years for the power utility to reach financial stability, depending on the tariff hikes granted and cost-saving initiatives.
The National Energy Regulator must review its decision to allow Eskom to increase prices from April 1, a High Court has ruled.
Eskom believes that the experiences it has had over the last few years will assist it in making better decisions regarding methods of keeping the lights on.
A group of around 30 people disrupted Nersa's hearings into Eskom's proposed tariff increase in Durban on Friday.
Opposition to Eskom’s proposed tariff increases has gained momentum as energy regulator Nersa closed its session for hearings in Cape Town.
The public hearings relating to Eskom's presentation to Nersa into its application for the evaluation and approval of more electricity price hikes are set to continue.
Eskom has asked energy regulator Nersa for a tariff increase that would recover R22.8bn in costs it incurred in the 2013/14 financial year only.
Nersa will not grant Eskom the 24.78% electricity tariff increase, according to war room adviser Professor Anton Eberhard.
The Pietermaritzburg Chamber of Business (PCB) says the proposed 14,3% increase in water tariffs could lead to massive job losses as many businesses cannot afford the compound increase from last year’s 15%.
The Nelson Mandela Bay Business Chamber has approached the ConCourt against a decision to uphold electricity tariff increases approved by Nersa.
Eskom’s plans to ask for a 20% tariff increase for next year assumes higher economic growth than just about anyone expects – and assumes a physically impossible doubling of sales by renewable energy independent power producers (IPPs)
Eskom will do its best to minimise the risk of load shedding, striking a balance with its already depleted balance sheet, says CEO Brian Molefe.
A researcher with a non-profit group says that Eskom's application for a tariff hike to recoup R22.8bn will take people in South Africa from poverty to destitution”.
The Cape Chamber of Commerce and Industry says Eskom must bring its own costs under control before asking business and customers to pay increased tariffs.
All cities in SA will face an electricity tariff hike of at least 16% in July if Eskom is granted a R22.8bn adjustment for the 2013/14 financial year, Nersa has been told.
Nersa is due to start its public hearings as part of Eskom’s application to recover an additional R22.8bn through an electricity tariff increase.
Nersa has decided on the timelines for processing Eskom’s selective reopener application for the third multi-year price determination.
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