Eskom's Call for 36% Price Hike Blamed on South African Politics [Financial Post (Toronto, Ontario, Canada)]
SOUTH32 LTD SPNS/ADR (SOUHY)
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Source: Financial Post
municipalities and errors made by the regulator in adjudicating earlier applications to boost tariffs. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — South Africa's state-owned power utility said it had to ask for 36% increase in prices because of the government's inability to rein in delinquent municipalities and errors made by the regulator in adjudicating earlier applications to boost tariffs. Eskom Holdings SOC Ltd., which is receiving a 250 billion rand ($14 billion) bailout from the government, said the increase is needed to prevent the indebted company from returning to the authorities for further financial help. The hike would be for the 12 months to March 2026 and would be followed by increases of 11.8% and 9.1% for the following two years. “We are striving to be more self-sufficient and not remain a burden on,” government finances, Hasha Tlhotlhalemaje, general manager for regulatio
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