As electricity prices soar, consumers abandon Eskom

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There will be no load shedding in SA this winter.
There will be no load shedding in SA this winter.

Johannesburg - Eskom may be cutting off its own throat with its latest tariff rate application, as the rich opt to generate their own power and the poor find ways to circumvent payment.

As South Africans struggle to make ends meet in a struggling economy, higher electricity prices are likely to lead to a drop in sales, forcing the power utility’s revenue even lower.

At the same time cash-strapped municipalities will emerge as the biggest losers, as users cut down on their electricity, eating into the municipality’s revenue. Electricity theft is at a record high, big metros such as Johannesburg reported.

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