One of the consequences of Eskom’s request for a 60% rate hike is that the inefficient parastatal would end up with a R12.7bn profit according to Moneyweb. That puts Eskom in the same league as a few of South Africa’s mega corporations. Standardbank recently produced a record profits of R12 billion after one of its [...]

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South African electricity consumers have historically benefited from low electricity rates , however this will change as the country experiences load shedding and Eskom increases tariffs to finance additional generating capacity. To make matters worse Finance Minister Manuel will also impose a usage levy if electricity consumers exceed a threshold.
These are all great reasons [...]

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