BLSA CEO says Eskom tariff hike high but utility must be fixed
The National Energy Regulator of South Africa (Nersa) on Thursday has approved a tariff hike of 9.41% for this year.
This will be followed by an 8.1% hike for 2020 and a 5.2% hike for the year thereafter.
BLSA CEO Bonang Mohale said the power utility had been severely damaged and those responsible still need to pay.
"Today there’s not a single South African who does not recognise that Eskom is currently a crime scene."
At the same time, the South African Local Government Association’s head of electricity and energy, Nhlanhla Ngidi, said the latest increase would exacerbate the debt issue for municipalities.
"A lot of municipalities are already hard pressed with their revenue and people paying for their electricity are trying, it is not all municipalities that are owing Eskom."
(Edited by Thapelo Lekabe)