Eskom’s proposed tariff hike may cripple households and small, medium and micro enterprises, the Midvaal local municipality has warned.
The Midvaal local municipality is concerned about Eskom ’s proposed tariff hike of 40% and has demanded urgent engagement. Picture: Dean Hutton / BloombergThe Midvaal local municipality in Gauteng , says it has written a letter to Eskom and Nersa , opposing the power utility’s proposed 40% tariff hike for the next three years.
Satikhe says Eskom has reportedly submitted a proposal to Nersa for tariff increases of 43.55% in 2026, 3.36% in 2027, and 11.07% in 2028. Reports indicated that Eskom’s electricity prices were among the cheapest in the world, but that took a sharp turn in 2007, when the first loadshedding occurred. “Businesses, especially Small, Medium and Micro Enterprises , which are the backbone of the country’s economy will also be adversely affected.”
Electricity Production And Distribution Prices Economy Poverty Crime Unemployment Eskom Nersa The National Energy Regulator Of South Africa Gauteng Energy Loadshedding Cost Of Living Municipalities True Crime Smmes Business Jobs Unemployed
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.
Midvaal shocked by proposed 40% electricity tariff increase - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Midvaal Municipality writes to Eskom and Nersa to object to proposed electricity tariff increase.
Read more »
Education council tackles unfair promotions, orders re-advertisement of post due to panel chair biasEducation council tackles unfair promotions, orders re-advertisement of post due to panel chair bias
Read more »
OPINION: Caf Football could be a burden for PiratesI have said in the past that the Soweto giant’s main focus should be on closing the gap between themselves and Sundowns.
Read more »
'What they did to Zwane is unfair''What they did to Zwane is unfair'
Read more »
Chinese trade group slams EU’s imminent import hike on EVsChamber of Commerce has branded the tariffs 'unfair' and a 'protectionist approach'
Read more »
Bongani Baloyi ‘set’ to join Zuma’s MK PartyJulius Malema had also tried to recruit former Midvaal mayor Bongani Baloyi to join the EFF but he has opted for Zuma's MK Party.
Read more »