Eskom loses court application for higher tariff increases

eNCA reports that Eskom has lost its court application to be granted higher tariff increases for the next two years. National Energy Regulator, Nersa, had awarded Eskom increases of 8.1 percent in the current financial year, and 5.2 percent for the next one.

In response, Eskom asked the High Court in Pretoria to allow increases of 16.6 percent in April 2020 and 16.7 percent in 2021. Eskom argued that without these tariffs, it and the economy will suffer catastrophic harm.

Releated

Informal traders allowed to resume business

SABC News reports that government has relaxed some lockdown regulations, such as the re-opening of spaza shops, including informal food traders. Close relatives of deceased persons are now also allowed to travel between provinces to attend funerals. Night vigils are still not permitted. No more than 50 people are allowed to attend a funeral. This […]

Minister Patel signs new regulations, establishes toll-free hotline to report hike prices

SABC News writes that Trade and Industry Minister, Ebrahim Patel, says a toll-free hotline has been established to report individuals or companies that hike the prices of products such as facemasks, gloves and hand sanitisers amid the coronavirus outbreak. The Competition Commission is investigating 11 companies for heavily increasing the prices of items. President Cyril […]