Wednesday’s top stories

Eskom could earn nearly R40bn if a 25,3% tariff increase it has requested is approved, according to the supplier’s spokesperson. According to Fin24 the National Energy Regulator of South Africa will meet today to discuss whether to grant Eskom’s request for an electricity price hike from July. Neil Roets, CEO of Debt Rescue, said the proposed increase would have a serious impact on consumers. He added that Eskom’s tariff hikes would result in an increase in the average South African’s level of debt. Eskom said it would also apply for other single-digit hikes in the next two financial years.

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