The SARB will face parliament over Phala Phala report; Tutuka station to start bringing units back online; Agriculture is buckling over minimum wage increases; and Capetonians revolt over electricity tariffs.
The South African Reserve Bank could be in the firing in Parliament over its report on Phala Phala, which has been accused of shielding President Cyril Ramaphosa with what was called a ‘whitewashed report’ on the matter. [ Electricity Minister Kgosientsho Ramokgopa is confident that two units at “perennial underperformer” Tutuka power station will come back onstream in September.
“Unless the increases of the minimum wage in the agricultural sector are aligned with inflation, there is a real risk of the agricultural sector contracting with devastating effects for employment in the sector,” it said. The sector grew by 17.8% in 2020 but only 7.4% in 2021 and a marginal 0.9% in 2022. [ In the face of protest action on 26 August, the City of Cape Town fiercely defended its 17.6% increase in electricity tariffs, which exceeded the 15.
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