Mayor Geordin Hill Lewis speaks about efforts to move more residents from Eskom, to the municipality's electricity department.
Following the approval of a tariff increase from Nersa, Eskom is now able to increase their electricity cost to 18.65% from April 2023.About 15% of customers in the Cape Town metro are still on Eskom's grid and will be affected by the tariff hike.
Cape Town Mayor, Geordin Hill-Lewis shares more on what this means for the city of Cape Town and its residents:When you're dealing with a billion rand a month and a 18% increase, it's R180 billion a month; now that's not possible for a municipality, any municipality in South Africa to absorb on its own.Sometimes there is a difference of a few decimals, but usually that difference is not very significant.
When asked by Maytham if he could give a commitment that the municipality's increase will not exceed Eskom's he said that he was unable to. He will need to look in detail at their cost structure and services that they have to cover, including the upgrading of infrastructure. There are additional costs I'm afraid, but we will obviously, goes without saying, given the financial pressures that people face in South Africa today, try our utmost to keep that [tariff increase] as close as possible, if not exactly the sameThis article first appeared on CapeTalk :
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GROUNDUP: City of Cape Town withdraws its workers from Philippi amid safety concernsWorkers will only return when being escorted by ‘already overstretched’ law enforcement officers.
Read more »
In-demand Khanyisa Mayo remaining focused on Cape Town City despite reported Mamelodi Sundowns interest | KickOffIn-demand midfielder Khanyisa Mayo insists he remains committed to Cape Town City despite reported interest from Mamelodi Sundowns. Read more here ▶️
Read more »
South African buyer pays R27.5m for Cape Town flat as top-end market surgesSouth African buyer pays R27.5m for Cape Town flat as top-end market surges: A Cape Town “lock up and go” flat has sold for R27.5m, signalling continued appetite for top-end residential property in the city.
Read more »
South African buyer pays R27.5m for Cape Town flat as top-end market surgesA Cape Town “lock up and go” flat has sold for R27.5m, signalling continued appetite for top-end residential property in the city.
Read more »
South African buyer pays R27.5m for Cape Town flat as top-end market surgesA Cape Town “lock up and go” flat has sold for R27.5m, signalling continued appetite for top-end residential property in the city.
Read more »
TOXIC TIDES: Cape Town sees 10 beach closures in two months during bumper holiday seasonLlandudno Beach is the latest stretch of the Cape Town coast to close due to issues with sewage infrastructure. Sewage spills around local beaches have been a recurring problem this holiday season, resulting in closures over December 2022 and January 2023.
Read more »