An article on Business Report says that South Africa's economic woes worsened on Tuesday with the National Energy Regulator of South Africa (Nersa) giving Eskom permission to hike tariffs in April next year.
This is a move that analysts say could see electricity rising by between 10 -19.4% increase next year.
HOD of Pricing and Tariffs at Nersa, Brain Sechotlo says this is not a new decision.
This decision was actually taken on the 14 June this year and it relates to a regulatory clearing account that we were busy with, and the total amount that Eskom had applied for was actually R64 billion but after our analysis, we ended up with R32, 6 billion.— Brain Sechotlo, HOD of Pricing and Tariffs at Nersa
Listen below to the full interview: