Here's how much electricity actually costs you in SA's biggest cities | Fin24
While the national electricity regulator, NERSA, has allowed Eskom a tariff hike of just over 14%, SA's three biggest cities are absorbing some of this price increase to pass on lower tariff hikes to beleaguered residents.
The SA Reserve Bank, in its March Monetary Policy Committee statement, said that higher electricity prices, together with rising food and fuel costs, were expected to lift inflation over the medium term. "The under-performing national economic situation and failures from state institutions such as Eskom does not only impact on the attitudes of South Africans in general and on our residents in particular; it also places additional financial pressure on households and the City," said Cape Town’s deputy Ian Neilson at the end of March.
Water prices in Durban are going up by 15% for residents and 15.5% for businesses; in Cape Town they are set increase by 9%, and in Johannesburg by 9.9%.
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