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ECONOMY-FINANCE

Bad News For South Africans From July 1, 2022

South Africa's energy controller Nersa says that "no foreseeable endgame." is in the works. Eskom customers were hit with a 9.7 percent increase in power costs on April 1st, following the country's recent burden shedding, and many expressed their displeasure. To make matters worse, South Africans are expected to see another price increase in July.

  2 days ago ago
Bad News For South Africans From July 1, 2022

ECONOMY-FINANCE

Bad News For South Africans From July 1, 2022

There is "no conceivable conclusion" in the works, according to South Africa's energy controller, Nersa. Following the country's recent load shedding, Eskom consumers were slammed with a 9.7% increase in electricity bills on April 1st, and many expressed their displeasure.

  1 day ago ago
Bad News For South Africans From July 1, 2022

ECONOMY-FINANCE

Bad News For South Africans From July 1, 2022

Prepare yourselves SA, another power cost climb coming this July. 'No foreseeable endgame': Energy controller Nersa has apparently proposed one more power cost climb for South Africans. On 1 April this year, Eskom clients were exposed to a 9,7% power cost climb - and deciding by numerous responses, individuals were upset - particularly in light of burden shedding which has tormented the country throughout recent years.

  26 days ago ago
Bad News For South Africans From July 1, 2022

ECONOMY-FINANCE

Bad News For South Africans From July 1, 2022

Energy control company Nersa claims there is "no possible endpoint" for the country. Some people expressed their displeasure with the 9.7 percent rise in energy rates that Eskom customers received on April 1st following the country's recent burden-shedding. When prices rise again in July, things will get worse for South Africans.

  2 days ago ago
Bad News For South Africans From July 1, 2022

ECONOMY-FINANCE

A word of caution for South Africans: beginning on July 1, 2022

Source: https://www.thesouthafrican.com/lifestyle/eskom-electricity-price-hike-july-2022/ According to Nersa, which regulates South Africa's energy industry, there is "no foreseeable endpoint." in the works. On April 1st, customers of Eskom were struck with a 9.7 percent rise in the cost of power, which came as a direct result of the recent burden shedding that took place in the country, and many of them expressed their dissatisfaction with this hike.

  1 day ago ago
A word of caution for South Africans: beginning on July 1, 2022

ECONOMY-FINANCE

Nersa Has Released An Official Statement To The Public

https://ewn.co.za/2022/05/19/nersa-opposing-legal-bid-to-overturn-decision-to-grant-karpowership-licences?utm_source=dlvr.it&utm_medium=twitter JOHANNESBURG - The National Energy Regulator of South Africa (Nersa) is restricting a legitimate bid to topple its choice to give Karpowership creating licenses. The Turkish organization was allowed three licenses to create power on drifting boats positioned along the country's shoreline in September.

  3 days ago ago
Nersa Has Released An Official Statement To The Public

ECONOMY-FINANCE

BAD NEWS For All As Court Approves 'Unreasonable Tarrif Change' See How Much We'll Be Paying Soon

Opinion 2022 started off on a good note and it's sad to think that all our expectations might be caught short. The global market is currently facing alot of stress, from Covid-19 and now the war between Russia and Ukraine. One might think that these events should have little to zero effect on South Africa's economy, but the newly approved electricity tarrif will make you think deeper.

  2 months ago ago
BAD NEWS For All As Court Approves 'Unreasonable Tarrif Change' See How Much We'll Be Paying Soon

ECONOMY-FINANCE

Important Notice To All South Africans After This Was Revealed

https://www.news24.com/fin24/economy/just-in-eskom-tariffs-to-increase-by-961-20220224 Eskom's tax increment for 2022/23 will be 9.61%, the National Energy Regulator of SA (Nersa) reported on Thursday. The tax increment is made of 3.49% for the/long term as well as inheritance choices from earlier years, which carries it to 9.61%.

  2 months ago ago
Important Notice To All South Africans After This Was Revealed

ECONOMY-FINANCE

Cost of living gets too high in SA

The data shows that the average cost of the household food basket increased by R349.82c in January this year. The worst is to be felt financial this week's fuel increase and another expected 9.1% electricity increase that will be in effect starting from April. Electricity will go up on April for Eskom users and then on 1 July it will go up for municipality customers.

  2 months ago ago
Cost of living gets too high in SA

POLITICS

'You are our voice. Our only hope' Mzansi react after EFF rejects NERSA increase of electricity cost

South African people give their gratitude to EFF for being their voice and only hope. South Africans claim that the SA government doesn't care about them anymore. EFF Statement EFF REJECTS NERSA'S APPROVAL OF A 9.61%ELECTRICITY HIKE 24 February 2022 The Economic Freedom Fighters (EFF) rejects the anti-poor decision by the National Energy Regulation of South Africa ( NERSA), to grant a 9.61% increase to the cost of electricity.

  2 months ago ago
'You are our voice. Our only hope' Mzansi react after EFF rejects NERSA increase of electricity cost

ECONOMY-FINANCE

Load Shedding Is Back In Mzansi

In February 2022, The National Energy Regulator Of South Africa (Nersa) approved the 9.6% tariff increase for Eskom and today, stage 2 rotational power cute have been announce to take place from 9pm Monday night to 5am Tuesday. A statement by the Spokesperson of Eskom, Sikonathi Mantshantsha said that the load shedding is required for Eskom to replenish the emergency generation reserves, which have been utilised significantly since the past week.

  2 months ago ago
Load Shedding Is Back In Mzansi

ECONOMY-FINANCE

Anti-poor decision: EFF slams 9.6% electricity hike approval by NERSA

Source: TheSouthAfrican The party said the decision is a merciless development to the misery of destitute individuals, contemplating the deterring levels of joblessness, growing normal expense for essential things and a diminishing economy. Right away, Eskom applied for a 20.5% obligation increase, yet NERSA yielded a 9.61% extension for the 2022/23 financial year which will become viable from 1 April this year.

  2 months ago ago
Anti-poor decision: EFF slams 9.6% electricity hike approval by NERSA

ECONOMY-FINANCE

Eskom Being Unreasonable With Increase?

The National Energy Regulator of South Africa (Nersa) has approved a 9.6% tariff increase for Eskom. In a presentation on Thursday (24 February), the national energy regulator's chairperson Nhlanhla Gumede said this figure constitutes a 3.49% increase for the 2022/23 year, alongside legacy costs from previous years.

  2 months ago ago
Eskom Being Unreasonable With Increase?

ECONOMY-FINANCE

Eskom brings surprising news, prices to go up on these dates

On Monday, the power supplier ESKOM has stood on its ground on the proposed 20.5% increase in its tariff for this year and next year. They argue that the increase is out of their control as it is driven by two factors. Carbon taxes and more demand resulting in buying more energy from independent producers.

  4 months ago ago
Eskom brings surprising news, prices to go up on these dates

ECONOMY-FINANCE

Bad news| Eskom says tarrifs to increase by 20.5 percent

Eskom says its 20.5% tariff claim is due to IPP costs and carbon taxes. The Nersa Regulator has been ordered by a court to ensure the new tariffs will be in place on April 1. Cape Town Mayor Geordin Hill Lewis has urged Nersa to abandon his methodology to advocate a more rational approach.

  4 months ago ago
Bad news| Eskom says tarrifs to increase by 20.5 percent

ECONOMY-FINANCE

Nersa Has Just Revealed The Main Reason For Eskom's Problems.

https://ewn.co.za/2022/02/25/nersa-9-61-tariff-hike-for-eskom-a-balancing-act-for-economy-consumers?utm_source=dlvr.it&utm_medium=twitter CAPE TOWN - The National Energy Regulator of South Africa (Nersa) said allowing Eskom a power levy climb was a difficult exercise between the economy, purchasers, as well as the utility's advantages. Nersa declared a 9.61% power duty climb on Thursday.

  2 months ago ago
Nersa Has Just Revealed The Main Reason For Eskom's Problems.

ECONOMY-FINANCE

Nersa announce Eskom tariff increase.

Eskom's tariff increase for 2022/23 will be 9.61%, the National Energy Regulator of SA (Nersa) announced on Thursday. The tariff goes up on 1 April for Eskom customers and 1 July for municipal customers. Municipalities will also likely add a surcharge for their customers.

  2 months ago ago
Nersa announce Eskom tariff increase.

ECONOMY-FINANCE

Eskom tariffs to increase by 9.61% from 1 April

announced on Thursday. David McNew/Getty Eskom's tariff increase for 2022/23 will be 9.61%, the National Energy Regulator of SA (Nersa) announced on Thursday. The tariff increase is made of 3.49% for the 2022/23 year as well as legacy decisions from previous years, which brings it to 9.61%.

  2 months ago ago
Eskom tariffs to increase by 9.61% from 1 April

ECONOMY-FINANCE

JUST IN| Eskom increases tariffs by 9.61% for 2022/23

Eskom raises tariffs by 9.61 percent on April 1st. Image: SABC News The National Energy Regulator of South Africa (Nersa) has announced that Eskom's tariff will increase by 9.61% in 2022/23. The tariff increase is made up of 3.49% for the 2022/23 year, as well as legacy decisions from previous years, bringing the total to 9.61%.

  2 months ago ago
JUST IN| Eskom increases tariffs by 9.61% for 2022/23

ECONOMY-FINANCE

Nersa grants Eskom 9.6% tariff increase

It is alleged that, Nersa grants Eskom 9.6% tariff increase. The increase will come into effect on 1 April. #DStv403 South Africa companies that manufactured products like steel will now go up. If it does not then it will fall on South Africa to rely on China.

  2 months ago ago
Nersa grants Eskom 9.6% tariff increase