Eskom asks for a 20% tariff hike, but may get nothing
According to economist Mike Schüssler, such a large increase could push the inflation rate up from the estimated 4.1% next year by one percentage point, which, in turn, could lead to higher interest rates.
“Power costs used to be 4% of the costs in mining. They’re now 9%. Whether you run a school, a restaurant or whatever, it will have a huge impact on you,” he says.Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
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