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Legal action against Finance Minister Pravin Gordhan may lead to disastrous consequences for South Africa, said Debt Rescue CEO Neil Roets. Legal action against Finance Minister Pravin Gordhan may lead to disastrous consequences for South Africa, said Debt Rescue CEO Neil Roets. Downgrades by all three ratings agencies before the end of 2016 and a… Continued

Eskom’s application to the National Energy Regulator (Nersa) for an additional 12.6% increase in the price of electricity will have enormous implications for the South African business sector and consumers, the AHi business chamber warned on Thursday. Nersa said it would announce its decision on whether it will authorise Eskom’s application to hike tariffs by… Continued

Cape Town – If Eskom’s tariff increase is approved, it would be a catastrophe for the consumer and would see millions more plunged into debt followed by a slew of bankruptcies for businesses and private individuals, according to a debt expert. The National Energy Regulator (Nersa) said on Wednesday that they would announce their decision… Continued

If Eskom’s tariff increase is approved, it would be a catastrophe for the consumer and would see millions more plunged into debt. If Eskom’s tariff increase is approved, it would be a catastrophe for the consumer and would see millions more plunged into debt followed by a slew of bankruptcies for businesses and private individuals,… Continued

Eskom’s greed will plunge large numbers of consumers and business into debt according to an economist and a debt expert. Last week Eskom made an urgent application to the National Energy Regulator of South Africa (Nersa) to increase the electricity tariff by 25.3% for the 2015/2016 financial year. This includes the 12.69% price increase that… Continued

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