South Africa allows 19 percent electricity tariff increment
South Africa Energy Regulator has allowed the country’s Eskom to raise its tariff by nearly 19%.
This is despite the country facing up to 10 hours a day of load shedding as the state-owned company struggles to keep the lights on.
The increase will come into effect in April though the Escom asked for a 32 % increment and cash-strapped South Africans are unhappy paying more for unreliable service.
The unpopular tariff increase comes after Eskom implemented continuous stage 6 rolling blackouts this week.
Eskom, which is reported to have lost 890 million dollars last year, is plagued by aging infrastructure, mismanagement and corruption allegations.
CATEGORIES World News