Eskom wants you to pay 19.9% more for electricity… or else!

I understand it’s not going to be a strike on Thursday… it’s going to be protest action… Keeping salaries at zero is not enough. Eskom is grossly overstaffed… I see civil unrest looming…

Chris Yelland, EE Publishers

The prices of solar rooftop systems are going down. The price of Eskom electricity is going up. There is a business case… There is going to be a significant amount of solar rooftop PV… it will play havoc with Eskom’s planning… it will have to fundamentally relook its business model…

Chris Yelland, EE Publishers

Eskom wants consumers to fork out an additional R66.7 billion through electricity price hikes, or else it may be unable to continue operating.

The state-owned utility has asked the High Court the set aside the energy regulator’s (Nersa) decision to award a tariff hike of 5.23%, instead of the 19.9% Eskom applied for.

Eskom also wants the court to declare unconstitutional Nersa’s delay in processing its three applications for interim tariff increases in terms of the Regulatory Clearing Account methodology (RCA).

To compound Eskom’s woes, and those of punch-drunk consumers, trade unions are threatening industrial action.

Eskom is offering no salary increases while unions demand a 15% pay hike.

The Money Show’s Bruce Whitfield interviewed Chris Yelland, MD at EE Publishers.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

It [Eskom’s debt] is likely to peak at around R500 billion… Debt is a big problem.

Chris Yelland, EE Publishers

They [new Eskom board] are having a positive impact… But the utility is facing very serious problems…

Chris Yelland, EE Publishers

The demand for electricity is down 3%... it’s continuing a downward trend…

Chris Yelland, EE Publishers

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our mailing list

* indicates required

Recommended

by NEWSROOM AI
Read More
Tito Mboweni paves the way for a fully-fledged, state-owned commercial bank

Tito Mboweni paves the way for a fully-fledged, state-owned commercial bank

The Minister will introduce a Bill to allow for the creation of a state-owned commercial bank, says Chantél van Zyl.

The impact of a fire in the US might spare South Africa from getting burned

The impact of a fire in the US might spare South Africa from getting burned

Eskom is in big trouble, but not as much as the Pacific Gas and Electric Company.

Bosasa: Angelo Agrizzi spills his guts to stay out of jail

Bosasa: Angelo Agrizzi spills his guts to stay out of jail

The Money Show’s Bruce Whitfield interviews Kyle Cowan, an investigative journalist at News24.

Make money with farming (no land or dirty hands required)

Make money with farming (no land or dirty hands required)

Interested in farming as a "Hassel-free" side-hustle? The Money Show’s Bruce Whitfield interviews Grant Field, CEO at Fedgroup.

50 easy-to-follow tips on becoming the leading name in your industry

50 easy-to-follow tips on becoming the leading name in your industry

Ray White (on The Money Show) interviews Douglas Kruger, author of “What Makes Them Great? 50 Ways to Become the Industry Leader”.

How to start your own business (by a guy who started his with almost no money)

How to start your own business (by a guy who started his with almost no money)

The Money Show’s Bruce Whitfield interviews NicHarry founder Nic Haralambous.

Popular articles
[LISTEN] #Xolobeni: 'Was the minister here to listen to us or preach to us?'

[LISTEN] #Xolobeni: 'Was the minister here to listen to us or preach to us?'

On Wednesday Mantashe held a meeting with residents on mining issues in the area but the meeting ended with stun grenades fired.

How to start your own business (by a guy who started his with almost no money)

How to start your own business (by a guy who started his with almost no money)

The Money Show’s Bruce Whitfield interviews NicHarry founder Nic Haralambous.

Manyi: ATM is bigger than the ANC and we're gunning to govern

Manyi: ATM is bigger than the ANC and we're gunning to govern

While he couldn't quote precise figures, he claims that the party's size is in excess of a million members.

[WATCH] Baby hilariously tries to eat mom's burritos

[WATCH] Baby hilariously tries to eat mom's burritos

Khabazela shares tweets and Facebook posts that have gone viral.

Bryan Habana opens up about money, and now having to buy his own clothes

Bryan Habana opens up about money, and now having to buy his own clothes

Bruce Whitfield interviews the legendary Springbok about his attitude toward money (hopes and fears, successes and failures, etc.)